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On January 1, 2017, Carla Vista Co.' s accounting records contained these liability accounts Accounts Payable Sales Taxes Payable Unearned Service Revenue $43,400 During January, the following selected transactions occurred. Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $6,360, which includes 6% sales taxes Jan. 1 5 12 14 20 d services for customers who had made advance payments of $11,200. (Record Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2016, $7,050. Sold 590 units of a new product on credit at $50 per unit, plus 6% sales tax During January, the company's employees earned wages of $73,800. Withholdings related to these wages were $5,646 for Social Security (FICA), $5,271 for federal income tax, and $1,581 for earned during January will be paid during February. Wages or payroll tax expense have not been recorded as of January 31. Prepare a tabular summary to record the January transactions and the adjustments on January 31 for the out front of the amount entered for the particular Asset, liability or Equity item that was reduced, Round answers to decimal places, eng $.275 note payable and the salaries and inges expense and peyndra eperse ( Salaries & Unearnedt Wages Pay Serv. + Accts. F Jan. 1 n. On January 1, 2017, Carla Vista Co.' s accounting records contained these liability accounts Accounts Payable Sales Taxes Payable Unearned Service Revenue $43,400 During January, the following selected transactions occurred. Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $6,360, which includes 6% sales taxes Jan. 1 5 12 14 20 d services for customers who had made advance payments of $11,200. (Record Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2016, $7,050. Sold 590 units of a new product on credit at $50 per unit, plus 6% sales tax During January, the company's employees earned wages of $73,800. Withholdings related to these wages were $5,646 for Social Security (FICA), $5,271 for federal income tax, and $1,581 for earned during January will be paid during February. Wages or payroll tax expense have not been recorded as of January 31. Prepare a tabular summary to record the January transactions and the adjustments on January 31 for the out front of the amount entered for the particular Asset, liability or Equity item that was reduced, Round answers to decimal places, eng $.275 note payable and the salaries and inges expense and peyndra eperse ( Salaries & Unearnedt Wages Pay Serv. + Accts. F Jan. 1 n