Question: help A. On 1 Dec. 2020, ABC Trading Co borrowed $900,000 for 90 days at 5% by signing and payable on the same amount 5

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A. On 1 Dec. 2020, ABC Trading Co borrowed $900,000 for 90 days at 5% by signing and payable on the same amount 5 points Required: (1) Record the adjusting journal entry on 31 Dec 2020 (2) Record the journal entry for the payment of the note at its maturity date B. Ahmed's Co offers warrant of two years on parts of machines. In 2020 the company sold machines for $480,000 in the light of Yast experien, Amed's Colima warranty expense equals to 8% of its dollar sales. During 2020, the company used $11.500 of parts inventory to repair the machine Required: (1) Prepare the journal entry to record ONLY the warranty liability in 2020 (2) How much is the amount of warranty liability on December 31, 2020 10pt V A I. Q For the toolbar, press ALT+F10 (PC) or ALT+FNF10 (Mac). BI Paragraph Arial x X, B & T Te [+

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