ment - Reporting and Analyzing Liabilities 10.7/33 > Question 1 of 3 View Policies Show Attempt History Current Attempt in Progress On January 1, 2022, the ledger of Cullumber Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $45,000 9.100 21,500 During January, the following selected transactions occurred. Jan 1 Borrowed $18,000 in cash trom Apex Bank on a 1-month, 5%, 518,000 note Sold merchandise for cash totaling $5,936, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $12,500. (Credit Service Revenue) 14 Paid state treasurer's department for sales taxes collected in December 2021.59.100 20 Sold 750 units of a new product on credit at $54 per unit, plus 6% sales tax. 5 During January, the company's employees earned wages of $52,000. Withholdings related to these wages were $3,978 for Social Security (FICA),$5,686 for federal income tax, and $1.706 for state income tax. The company owed no money related to these earnings for federal or state unemployment tax Assume that wagus earned during January will be paid during February. No entry had been recorded for wages or payroll tax expense as of January 31. Your answer is partially correct. ment - Reporting and Analyzing Liabilities > Question 1 of 3 10.7/33 E Your answer is partially correct. Journalize the January transactions (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to nearest whole dollar amount, c.8.5,275.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 18000 18000 Notes Payable Jans Cash 5936 5600 336 Sales Revenue Sales Taxes Payable Uneamed Service Revenue 12500 lan 12 12500 Service Revenue 9100 Jan 14 Sales Taxes Payable 9100 Cash 43930 Jan. 20 Accounts Receivable Sales Revenue Sales Taxes Payable Assignment - Reporting and Analyzing Liabilities 10.7733 Question 1 of 3 Journalize the adjusting entries at January 31 for the outstanding note payable and for salaries and wages expense and payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan 31 (To record the interest on outstanding notes payable) Jan 31 (To record payroll and withholding taxes.) Jan. 31 (To record employer's payroll taxes.) eTextbook and Media List of Accounts ssignment - Reporting and Analyzing Liabilities > 10.7/33 E Question 1 of 3 Your answer is partially correct Prepare the current liabilities section of the balance sheet at January 31, 2022. Assume no change in Accounts Payable. CULLUMBER COMPANY Balance Sheet (Partial) January 31, 2022 $ $