On January $1,2025,$ the ledger of Romada Company contained these liability accounts:

During January, the following selected transactions occurred.

During January, the company's employees earned wages of $$70,000.$ Withholdings related to

these wages were $$5,355$ for FICA, $$5,000$ for federal income tax, and $$1,500$ for state income

tax. The company owed no money related to these earnings for federal or state unemployment

tax. Assume that wages earned during January will be paid during February. No entry had been

recorded for wages or payroll tax expense as of January $31.$

Instructions

a$.$ Journalize the January transactions.

b$.$ Journalize the adjusting entries at January $31$ for the outstanding note payable and for

salaries and wages expense and payroll expense.

c$.$ Prepare the current liabilities section of the balance sheet at January $31,2025.$ Assume no

change in Accounts Payable.