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Short answer - Q3,4 Question 3 (20 marks) On April 1, 2021 - the ledger of Jordan Company contains the following liability accounts: Account Payable $52,000 Sales Taxes Payable 4,800 Unearned Service Revenue 14,000 During April, the following selected transactions occurred: April 1. Purchase merchandise on account form Ally Company, $40,000 April 1. Borrows $180,000 from Ottawa State Bank by signing a 6-month, 8%, interest- bearing note April 5. Paid revenue department for sales taxes collected in March 31, $4,800 April 20. Provided services of $10,000 for customers who had made advance payments April 21. Borrows $60,000 from National State Bank by signing a 3-month, 9%, interest bearing note (Hint: Use one third of a month for the National State Bank note) April 25. Sold merchandise for cash totalling $22,470, which included 7% sales taxes Required: a) Journalise the April transactions. (12 marks) b) Journalise the adjusting entries as April 30 for the note payable. (4 marks) c) Prepare the current liabilities section of the Statement of Financial Position as at April 30, 2021. (4 marks) Active GOOS Your answer 86F Mostly cloudy Thnh Cng - 02386 608 999 O c