Question: question will save this response Question 1 A. (3 Grades) On November 1, 2020, Sadiq Co. borrowed $800.000 for 90 days M 9 by lingan
question will save this response Question 1 A. (3 Grades) On November 1, 2020, Sadiq Co. borrowed $800.000 for 90 days M 9 by lingan 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 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,- During 2019, the company wed 515,000 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 For the toolbar, press ALT+F10 (PC) or ALTHEN F10 (Mac) B TVS TXO Paragraph Arial 14px HE 18 A 1 OR interest expense CR interest payablo A 2 DR Notes payable DR Interest expenso DR Interest payable CR Cash B1 DR Warranty Expense CR estimated warranty liability B2
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