vention Con Moving to another question will save this response Question 10 of 12 Question 10 5 points A.13 Grades) On November 1, 2020, Sadiq Co borrowed $800,000 for 90 days at 9% by signing a note. 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. Based on its past experience, the company estimated the needed warranty expense equal to 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 For the toolbar, press ALT+F10 (PC) or ALTOFN+F10(Mac). BIVS Paragraph Arial 14px 111 I. O WORDS POWERED BY TINY Question 10 of 12 Moving to another question will save this response MacBook Pro esc 00 7 99 8A 0. 61 50 42 71 2 33 P WET le T R 4