Question: Problem 10-1A (Part Level Submission) On January 1, 2017, the ledger of Cullumber Company contained these ability accounts. 10-1A (Part 10-4 (Part Accounts Payable Sales

of Cullumber Company contained these ability accounts. 10-1A (Part 10-4 (Part Accounts

Problem 10-1A (Part Level Submission) On January 1, 2017, the ledger of Cullumber Company contained these ability accounts. 10-1A (Part 10-4 (Part Accounts Payable Sales Taxes Payable Uneamed Service Revenue $42.800 6,750 19,300 ults by Study Dunn January, the following selected transactions occurred. an. 1 12 14 20 Borrowed 518,000 in cash from Apex Bank on a 4-month, 5%. $18,000 note. Sold merchandise for cash totaling $5,512, which includes 6 sales taxes Performed services for customers who had made advance payments of $11.800. (Credit Service Revenue Paid state treasurer department for sales taxes collected in December 2016. 1.750 Sold 530 units of a new product on credit at $50 per unit, plus 6% sales tax During January, the company's employees earned wages of $70,700. Withholdings related to these wages were $5,409 for Social Security (ICA). $5.050 for federal income tax, and 51,515 for state income tax. The company owed no money related to these canings 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 M ary 31. MENT RESOURCES Post Lecture NEXT Journalize the January transactions. (Credite account titles are automatically indented whe In the order presented in the problem. Round answers to meet whole dolara n . w 27.) erd. De norindent manuallyRecord journal entres IA ACCOUNTitles and nation Credit om 10 4 (Part Sumon) Score Results by Study

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