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SEE question attached. I need help with chpater 10 homework: question 10_1A letter c last question at bottom of the sheet. Problem 101A On January

SEE question attached. I need help with chpater 10 homework: question 10_1A letter c last question at bottom of the sheet.image text in transcribed

Problem 101A On January 1, 2014, the ledger of Shumway Company contains the following liability accounts. Accounts Payable $52,000 Sales Taxes Payable 5,800 Unearned Service Revenue 14,000 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $22,470, which includes 7% sales taxes. 12 Provided services for customers who had made advance payments of $10,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2013 ($5,800). 20 Sold 600 units of a new product on credit at $50 per unit, plus 7% sales tax. 21 Borrowed $14,000 from DeKalb Bank on a 3 month, 8%, $14,000 note. 25 Sold merchandise for cash totaling $12,947, which includes 7% sales taxes. (a) Your answer is correct. Journalize the January transactions. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 5 Jan. 12 Jan. 14 Jan. 20 Jan. 21 Jan. 25 Click here if you would like to Show Work for this question SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (b) Your answer is partially correct. Journalize the adjusting entries at January 31 for the outstanding notes payable. (Hint: Use onethird of a month for the DeKalb Bank note.) decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. 1. Date Account Titles and Explanation Jan. 31 Click here if you would like to Show Work for this question SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 3 of 3 used (c) Prepare the current liabilities section of the balance sheet at January 31, 2014. Assume no change in accounts payable. (Round answers to 0 decimal places, e.g. 125.) Shumway Company Balance Sheet January 31, 2014 Click here if you would like to Show Work for this

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