PRONTER VERSION BACK Problem 10-01A (Part Level Submission) On January 1, 2022, the ledger of Pharoah Company contained these liability accounts. Accounts Payable $44,200 Sales Taxes Payable 8,300 Unearned Service Revenue 20,700 During January, the following selected transactions occurred Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 18.000 note 5 Sold merchandise for cash totaling $6,670, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $12,100 (Credit Service Revenge 14 Paid state treasurer's department for sales taxes collected in December 2021. 58.300. 20 Sold 670 units of a new product on credit at $55 per unit, plus 6 sales tax During January, the company's employees eamed wages of $68,000. Withholdings related to these wages were 55,202 for Socal Security (ICA), S5,093 for federal income tax and $1.528 for state income tax. The company owed no money related to these earnings for federal or e m ployment a ssume 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 (a) Your answer is partially correct. Try again. Debit Credit Account Titles and Explanation cash Jan. 1 18000 Notes Payable 18000 Jan. 5 6678 6300 Study 378 Jan. 129 cash Sales Revenue Sales Taxes Payable Unearned Service Revenue Service Revenue Sales Taxes Payable Cash 12100 8300 Jan. 20 Accounts Receivable 36850 Sales Revenue 36850 Sales Taxes Payable 1550 Click if you would like to Show Work for this question: Open Show Work Help System Announcements Assignment Gradebook ORION Downloadable eTextbook ant CALCULATOR (6) Journalize the adjusting entries at January 31 for the outstanding note payable and for salaries and wages expense and mayroll tax expense. ( 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.)