PRINTER VERSION BA Problem 11-1A On January 1, 2017, the ledger of Accardo Company contains the following liability accounts Accounts Payable $53,500 Sales Taxes Payable 7,800 Uneamed Service Revenue 15.500 During January, the following selected transactions occurred Jan 5 Sold merchandise for cash totaling $19,872, which includes 0% sales taxes. 12 Performed 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 2016 (57,800). 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 $29,250 from Girard Bank on a 3-month, 8%, $29.250 note. 25 Sold merchandise for cash totaling $11.988, which includes 8% sales taxes Joumalize the January transactions (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries onder presented in the problem Date Account Titles and explanation Debit ban 5 Accounts Receivable Activate Windows Go to Settings to activate Wine Sales Revenue PRINTER VERSION BA Sales Taxes Payable SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Journalize the adjusting entries at January 31 for (1) the outstanding notes payable, and (2) estimated warranty liability assuming warranty costs are expected to equ of sales of the new product. (Hint: Use one-third of a month for the Girard Banknote (Credit account titles are automatically indented when amount is entered. indent manually. Record journal entries in the order presented in the problem.) No Date Account Titles and Explanation Credit 1. Jan. 31 Activate Windows Prepare the current liabilities section of the balance sheet at January 31, 2017. Assume no change in accounts payable. Accardo Company Balance Sheet (Partial) For the Year Ended January 31, 2017 Current Liabilities Accounts Payable 53500 Sales Taxes Payable 6149 Notes Payable 29250 Interest Payable Uneared Service Revenue Total Liabilities and owner's Equity Activate Go to Set Click if you would like to show Work for this question: Open Show