4 of 5 > ./2 !!! Unearned Service Revenue 21,000 During January, the following selected transactions occurred. Jan 1 Borrowed $18,000 in cash 5 Sold merchandise for cash 12 Performed services for cus 14 Paid state treasurer's depa 20 Sold 700 units of a new pro During January, the company's employees earned wages of $62,000. Withholdings related to these wages were $4.743 for Social Security (FICA). $5,486 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. 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. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to nearest whole dollar amount eg. 5,275) Date Account Titles and Explanation + Ch 10-Grading Homework Question 4 of 5 -/2 E 5 12 1 $18,000 note. Sold merchandise for cash totaling $6,360, which includes 6% sales taxes. Performed services for customers who had made advance payments of $13,200. (Credit Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2021, $8,600 Sold 700 units of a new product on credit at $46 per unit, plus 5% sales tax. 14 20 During January, the company's employees earned wages of $62,000. Withholdings related to these wages were $4,743 for Social Security IFICA $548A for federal income tax and $1 44 for state income tax