On January 1,2022 , the ledger of Swifty Company contains these liability accounts. During jancary, these selected transactions occurred. Jsn. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12. Performed services for customers who had made advance payments of $11.000 (Credit Service Revemue.) 14 Paid state revenve department for sales taxes collected in December 2021($8,400) 20 Sold 900 units of a new product on credit at 550 per unit. plus 8% sales tax. This new product is subject to a 1 -year warranty 21 Borrowed \$29,250 from Girard Bank on a 3 month, 82, \$29,250 note. 25 Sold merchandise for cash totaling $11,772, which includes 8% sales taxes Journalize the adjusting entries at January 31 for (1) the outstanding notes payable, and (2) estimated warranty liability, assuming warranty costs are expected to equal 7% of sales of the new product. (Hint: Uschone-third of a month for the Girard Bank note.) (Credit account titles are automatically indented when amount is entered, Do not indent manually. Record journal entries in the order presented in the problem.) On January 1,2022 , the ledger of Swifty Company contains these liability accounts. During jancary, these selected transactions occurred. Jsn. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12. Performed services for customers who had made advance payments of $11.000 (Credit Service Revemue.) 14 Paid state revenve department for sales taxes collected in December 2021($8,400) 20 Sold 900 units of a new product on credit at 550 per unit. plus 8% sales tax. This new product is subject to a 1 -year warranty 21 Borrowed \$29,250 from Girard Bank on a 3 month, 82, \$29,250 note. 25 Sold merchandise for cash totaling $11,772, which includes 8% sales taxes Journalize the adjusting entries at January 31 for (1) the outstanding notes payable, and (2) estimated warranty liability, assuming warranty costs are expected to equal 7% of sales of the new product. (Hint: Uschone-third of a month for the Girard Bank note.) (Credit account titles are automatically indented when amount is entered, Do not indent manually. Record journal entries in the order presented in the problem.)