Current Attempt in Progress On January 1, 2022, the ledger of Oriole Company contained these liability accounts. Accounts Payable Sales Taxes Payable $44,100 8.200 Unearned Service Revenue 20,600 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5% $18,000 note. 5 Sold merchandise for cash totaling $5,936, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $11,700 (Credit Service Revenue) 14 Paid state treasurer's department for sales taxes collected in December 2021. 58,200. 20 Sold 660 units of a new product on credit at $50 per unit, plus 6% sales tax During January, the company's employees earned wages of $98.000. Withholdings related to these wages were $7,497 for Social Security (FICA). $5.229 for federal income tax, and $1.569 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 Question 2 of 2 13.83/15 Date: Account Titles and Explanation Debit Credit Jan. 1 Cash 18000 Notes Payable Jan 5 Casi 5936 Sales Reverse Sales Taxes Payable Jan. 12 Unearned Service Revenue 11700 Service Revenue Jan. 14 # Sales Toas Payalle Cash 8200 (8000 5936 336 11700 8200 Jan 20 Accounts Receivable 34380 30000 Sales Revenue E Date Account Titles and Explanation Jan. 31 Interest Expense Interest Payable (To record the interest on outstanding notes payable.) Jan. 31 Salaries and Wages Expense FICA Taxes Payable Federal Income Taxes Payable State Income Taxes Payable Salaries and Wages Payable (To record payroll and withholding taxes.). Jan. 31 Payroll Tax Expense FICA Taxes Payable (To record employer's payroll taxes) Debit 25 98000 Credit 75 7417 5329 1569 83705 7497 2493 Question 2 of 2