On January 1,2020 , the ledger of Coronado Company contains the following liability accounts. During January, the following selected transactions occurred. Jan. Sold merchandise for cash totaling $20.520, which includes 8% sales taxes. 5 12 Performed services for customers who had made advance payments of $11,000, (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2019 (\$7,700), 20 Sold 900 units of a new product on credit at $50 per unit, plus 8% sales tax. This new product is subject to a 1 -year warranty. 21 Borrowed $27,000 from Girard Bank ona 3-month, 8\%, $27,000 note. 25 Sold merchandise for cash totaling $9,504, which includes 8% sales taxes Balance Sheet (Partial) January 31,2020 Current Liabilities Notes Payable Accounts Payable interest Payable Sales Toxes Payabie. Warranty Liability Unearned Service Revenue Total Current Liabilities