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Problem 10-1A On January 1, 2019, the ledger of Sunland Company contains the following liability accounts. Accounts Payable $55,400 Sales Taxes Payable 9,000 Unearned Service

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Problem 10-1A On January 1, 2019, the ledger of Sunland Company contains the following liability accounts. Accounts Payable $55,400 Sales Taxes Payable 9,000 Unearned Service Revenue 15,500 During January, the following selected transactions occurred. Jan. $ Sold merchandise for cash totaling $20,520, which includes 8% sales taxes, 12 Performed services for customers who had made advance payments of $12,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2018 ($9,000). 20 Sold 960 units of a new product on credit at $50 per unit, plus 8% sales tax. 21 Borrowed $24,750 from Girard Bank on a 3-month, 8%, $24,750 note. 25 Sold merchandise for cash totaling $12,420, which includes 8% sales taxes. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entrie in the problem.) Date Account Tities and Explanation Debit Credit CES Jouma te the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the arter presented in the problem Date Account Titles and Explanation Debit Credit testy . Weron 400 A Division of Won Inc. CALCULATOR ESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERE MACE M Journaise the adjusting entry at January 31 for the outstanding note payable. (Hint: Use one-third of a month for the Girard Bank note) (Credit account titles are automatically indented wh amount is entered. Do not indent manually) Date Account Tities and Explanation Debit Credit Prepare the current labioties section of the balance sheet at January 31, 2019. Assume no change in accounts payable. CALCULATON MESSAGE WY INTRUCTOR EEN BACK Journalize the adjusting entry at January 31 for the outstanding note payable. (Hint: Use one-third of a month for the Girard Banknote) (Credit account titles are automatically indented amount is entered. Do norindent manually.) Date Account Titles and Explanation Debit Credit Prepare the current liabilities section of the balance sheet at January 31, 2019. Assume no change in accounts payable. Sunland Company Balance Sheet (Partial) : Prepare the current liabilities section of the balance sheet at January 31, 2019. Assume no change in accounts payable. Sunland Company Balance Sheet (Partial) 2 Question Atte So

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