on january 1 2017 the ledger of accardo company contains the following liability accounts

Instructions
(a) Journalize the January transactions.
(b) Journalize the adjusting entries at January 31 for (1) the outstanding notes payable, and (2) estimated warranty liability, assuming warranty costs are expected to equal 7% of sales of the new product.
(c) Prepare the current liabilities section of the balance sheet at January 31, 2017. Assume no change in accounts payable.