part c

On January 1, 2020, the ledger of Sunland Company contains the following liability accounts. $53,500 Accounts Payable Sales Taxes Payable Unearned Service Revenue 7,200 16,500 During January, the following selected transactions occurred. Jan. Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 5 12 14 Performed services for customers who had made advance payments of $10,500. (Credit Service Revenue) Paid state revenue department for sales taxes collected in December 2019 (57.200). 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 Borrowed $27.000 from Girard Bank on a 3-month, 8%, $27.000 note. 20 21 25 Sold merchandise for cash totaling $7,884, which includes 8% sales taxes, Prepare the current liabilities section of the balance sheet at January 31, 2020. Assume no change in accounts payable Sunland Company Balance Sheet (Partial) I $