P10-1A on January 1, 2014, the ledger of Shumway Company contains the following liability accounts Accounts Payable 52,000 Sales Taxes Payable 5,800 Uneared Service Revenue 14,000 During January, the following selected transactions occurred. Jan. 5. Sold merchandise for cash totaling 22,470, which includes 7% sales taxes 12. Provided services for customers who had made advance payments of 10,000 (Credit Service Revenue.) 14 Paid revenue department for sales taxes collected in December 2013 (5.800). 20 Sold 600 units of a new product on credit at 50 per unit, plus 7% sales tax. 21 Borrowed 14,000 from DeKalb Bank on a 3-month, 8%, 14,000 note. 25 Sold merchandise for cash totaling 12,947, which includes 7% sales taxes Instructions (a) Journalize the January transactions (b) Journalize the adjusting entries at January 31 for the outstanding notes payable. (Hint: Use one-third of a month for the DeKalb Bank note.) (c) Prepare the current liabilities section of the statement of financial position at January 31, 2014. Assume no change in accounts payable