10-1A (Part Level Submission) On January 1, 2014, the ledger of Shumway Company contains the following liability accounts. Accounts Payable $52,000 Sales Taxes Payable 5,800 Unearned Service Revenue 14,000 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $22,470, which includes 7% sales taxes. 12 Provided services for customers who had made advance payments of $10,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2013 ($5,800). 20 Sold 600 units of a new product on credit at $50 per unit, plus 7% sales tax. 21 Borrowed $14,000 from DeKalb Bank on a 3-month, 8%, $14,000 note. 25 Sold merchandise for cash totaling $12,947, which includes 7% sales taxes