VIEW MONTES Current Attempt in Progress On January 1, 2020, the ledger of Accardo Company contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $52,000 7,700 16,000 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 14 20 21 Performed services for customers who had made advance payments of $10,000. (Credit Service Revenue.) Paid state revenue department for sales taxes collected in December 2019 ($7.700). Sold 900 units of a new product on credit at $50 per unit, plus 8% sales tax. Borrowed $27.000 from Girard Bank on a 3-month, 8%. $27,000 note. Sold merchandise for cash totaling $12,420, which includes 8% sales taxes. 25 I! Date Account Titles and Explanation Debit Credit 1 JUVON Question 1 of 7 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (b) Journalize 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 when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Question 1 of 7 -/1 (b) Journalize 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 when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (c) Question 1 of 7 Prepare the current liabilities section of the balance sheet at January 31, 2020. Assume no change in accounts payable. Accardo Company Balance Sheet (Partial) $ e Textbook and Media