Rock Tenn Marina experienced these events during 2020. (Click the icon to view the facts.) Requirement For each item indicate the account and the related amount to be recoded as a c More Info he Rock Tenn Marina balance sheet at December 31, 2020 X a. b. C December revenue totalled $150,000 and, in addition, RockTenn collected sales tax of 7% The sales tax amount will be remitted to the province of British Columbia early in January. On October 31, RockTenn signed a six-month, 12% note to purchase a boat costing $96,000 The note requires payment of principal and interest at maturity. On August 31, RockTenn received cash of $1,850 in advance for service revenue. This revenue will be earned evenly over six months. d. Revenues of $1,025,000 were covered by RockTenn's service warranty. At January 1, estimated warranty payable was $11,800. During the year, Rock Tenn recorded warranty expense of $36,000 and paid warranty claims of $35,300 e. Rock Tenn owes $105,000 on a long-term note payable. At December 31, 9% interest for the year plus $45,000 of this principal are payable within one year. estion Print Done