On January 1,2022, the ledger of Oriole Company contains these liability accounts. During Janciary, these selected transactions occurred. Jan 5 Sold merchandise for cash totaling $20,520, which includes B $ sales tawes. 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 2021($7,300). 20 Sold 900 units of a new product on credit at $50 per unit, ptus 8 K sales tax. This new product is subject to a 1 year warranty. 21 Borrowed $24,750 from Girard Bank on a 3-month, 8X, 524,750 note. 25 Sold merchandise for cash totaling $7,560, which inckades 8% sales taxns. Journalize the January transactions. (Credit account tides are autamaticolly indented when omount is enterd. Do not indent manually. Record joumal entries in the order presented in the problem.) Joumalize the adjusting entries at January 31 for (1) the outstanding notes payable, and (2) estimated warranty llability, assuming warranty costs are expected to equal 7% of sales of the new product. (Hint: Use one-third of a month for the Cir id Bank note) (Crefit occount titles are outomatically indented when amount is entered. Do not indent manually. Record journat: conder presented in the problem.)