On January $1,2027,$ Cullumber Company's accounting records contalned these liabllity accounts.

Accounts Payable

$$43,900$

Sales Taves Payable

$8,000$

Uneamed Service Revenue

$20,400$

During January, the following selected transactions occurred.

Jan. $1$ Borrowed $$18,000$ in cash from Apex Bank on a $4-$month, $5\%,$ $$18,000$ note.

$5$ Sold menchandise for cash totaling $56,572.$ which includes $6\%$ sales taxes.

$12$ Performed senvices for customers who had made advance payments of $$12,000.($Record Service Revenue$)$

$14$ Pald state theasurer's department for sales taxes collected in December $2026,58,000.$

$20$ Sold $640$ units of a new product on credit at $$50$ per unit, plus $6\%$ sales tax.

During Januany, the company's employees earned wages of $$76,800.$ Withholdings related to these wages were $$5,875$ for FICA. $$5,48$s for federal income tax and $$1,646$ for state Income tax. The company owed no money related to these earnings for federal or state unemployment tax. Ascume that wages earned during January will be pald during February. Wages or payroll tax expense have not been recorded as of January $31$

$($a$)$

Prepare $2$ tabular summary to record the January transactions and the adjustments on January $31$ for the outstanding note payable and the salaries and wages expense and payroll tax expense. Include margin explanations for the changes In revenues and eqpenses. $($f a transaction couses a decrease in Assets, Ulabifties or Stockhalders' Equity, place a negative sign $($or parentheses$)$ in front of