Question: Question 8 Moving to another question will save this response A. (3 Grades) On November 1, 2020. Sadiq Co borrowed $800,000 for 90 days at

Question 8 Moving to another question will save this response A. (3 Grades) On November 1, 2020. Sadiq Co borrowed $800,000 for 90 days at 9% by signing ati Assume that the face value of the note equals the principal of the loan Required: (1) The needed adjusting journal entry on 31 Dec. 2020. (2) The journal entry to record the payment of the note at maturity date. B. (2 Grades) Isa Town Co. offers a two-year warranty on parts of equipments. In 2019 the company sales were $700,000 Biels putes 5% of its sales. During 2019, the company used $15,000 of parts inventory to repair the equipment Required: (1) prepare the journal entry to record ONLY the warranty liability in 2019. (2) How much is the amount of warranty liability on December 31, 2019 A 2X For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I g Paragraph Anal 11! 14px hp

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