Question 6 5 points Sve Antwer A. (3. Grades) On November 1, 2020, Sadiq Co borrowed $400,000 for 90 days at 6 by signing a sole Assume that the face value of the note equals the principal of the loan Required: (1) The teeded adjusting journal entry on 31 Dec 2020 (2) The journal entry to record the payment of the note at maturity date B.(2 Grades) Isa Town Co offers a two-year warranty on parts of equipment. In 2019 the company sales were $350,000 Based on past experience, the company estimated the needed warranty expense equal to 5% of its sales. During 2019, the company wed 57.500 of parts inventory to repair the equipment Required: (1) prepare the journal entry to record ONLY the warranty liability in 2019, (2) How much is the amount of warranty liability on December 31, 2019 For the toolbar, press ALT+F 10 (PC) or ALTFN-F10 (MX). BIVS Paragraph Arial 14px 2 : XO @ a I O WORDS POWERED BY TINY