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On January 1, 2020, the ledger of Bonita Company contains the following liability accounts. Accounts Payable $55,500 Sales Taxes Payable 7,600 Jnearned Service Revenue 16,500 uring 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 2019 ($7,600). 20 Sold 900 units of a new product on credit at $50 per unit, plus 8% sales tax. This new product is subject to a 1-year warranty. 21 Borrowed $31,500 from Girard Bank on a 3-month, 8%, $31,500 note. 25 Sold merchandise for cash totaling $9,396, which includes 8% sales taxes. Your answer is partially correct. Try again. ournalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order pr Date Account Titles and Explanation Debit Credit Jan. 5 V 5 Cash 20520 Sales Revenue 19000 Sales Taxes Payable 1520 Jan. 12 V Unearned Service Revenue 10500 Service Revenue 10500 X Jan. 14 V Sales Taxes Payable 7700 x Cash 7700 x Jan. 20 Accounts Receivable 48600 Sales Revenue 45000 Sales Taxes Payable 3600 Jan. 21 Cash 24750 Notes Payable 24750 x Jan. 25 V Cash 10152 x Sales Revenue 9400 | Sales Taxes Payable 752 SHOW LIST OF ACCOUNTS ITNY TO TEYT TNV TO TSYT Journalize the adjusting entries at January 21 for the outstanding notes payabic, and (2) estimated warranty liability, assuming warranty costs are expected to cqual 7% of sales of the new product. (Hinat: Use one-third of a month for the Girard Bank rate) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Det Account Titles and Explanation Credit 1. n 1 interest Expense Debit Interest Payable 2. Lan 31 warranty pense Warranty Liability SHOW LINE GRAECOUNTS LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again Frepere the current labilt es section of the balance sheet at January 31, 2020. Assume no change in accounts payable. Bonita Company Balance Sheet (Purtal) Current Liabilit Accounts Payable Sales Taxes Payable Unearned Service Ravenue Notes Payable Intro Payable Warranty Labilty Total Current Ubes Click if you would like to show Work for this questionpun Show Work