Please make sure its correct

On January 1, 2020, the ledger of Crane Luggage contains the following liability accounts (amounts in thousands). NT$52.000 Accounts Payable Sales Taxes Payable Unearned Service Revenue 7,400 17,000 During January, the following selected transactions occurred Jan. 5 Sold merchandise for cash totaling NT$20,520, which includes 8% sales taxes. 12 14 20 Performed services for customers who had made advance payments of NT$11,000. (Credit Service Revenue.) Pald revenue department for sales taxes collected in December 2019 (NT$7.400). Sold 900 units of a new product on credit at NTS50 per unit plus 8% sales tax. This new product is subject to a 1 year Warranty Borrowed NT$24.750 from First National Bank on a 3-month 86, NT$24.750 note Sold merchandise for cash totaling NT$8,208, which includes 8% sales taxes 21 25 Journalize the January transactions. (Credit account titles are automatically indented when amount is entered Do not indent manually Record journal entries in the order presented in the problem. I no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit > > > 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: Use one-third of a month for the First National Bank note.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.! No. Date Account Titles and Explanation Debit Credit 1 V 2