Problem 10-1A On January 1, 2019, the ledger of Monty Corp. contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $51,700 8,900 16,200 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $10,500. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2018 ($8,900 20 Sold 910 units of a new product on credit at $50 per unit, plus 8% sales tax. 21 Borrowed $29,250 from Girard Bank on a 3-month, 896, $29,250 note. 25 Sold merchandise for cash totaling $12,420, which includes 8% sales taxes