Question: Problem 10-1A (Part Level Submission) On January 1, 2019, the ledger of Marigold Corp. contains the following liability accounts. Accounts Payable $56,800 Sales Taxes Payable

Problem 10-1A (Part Level Submission) On January 1, 2019, the ledger of Marigold Corp. contains the following liability accounts. Accounts Payable $56,800 Sales Taxes Payable 8,000 Unearned Service Revenue 16,200 During 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 $11,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2018 ($8,000). 20 Sold 910 units of a new product on credit at $50 per unit, plus 8% sales tax. 21 Borrowed $24,750 from Girard Bank on a 3-month, 8%, $24,750 note. 25 Sold merchandise for cash totaling $12,420, which includes 8% sales taxes.

Problem 10-1A (Part Level Submission) On January 1, 2019, the ledger of

Problem 10-1A (Part Level Submission) On January 1, 2019, the ledger of Marigold Corp. contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $56,800 8,000 16,200 During 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 $11,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2018 ($8,000). 20 Sold 910 units of a new product on credit at $50 per unit, plus 8% sales tax. 21 Borrowed $24,750 from Girard Bank on a 3-month, 8%, $24,750 note. 25 Sold merchandise for cash totaling $12,420, which includes 8% sales taxes. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

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