Current Attempt in Progress On January 1,2025 , the ledger of Sandhill Co. contained these liability accounts. 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 $6,360, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $13,600. (Credit Service Revenue.) 14 Paid state treasurer's department for sales taxes collected in December 2024,\$8,700. 20 Sold 710 units of a new product on credit at $54 per unit, plus 5% sales tax. During January, the company's employees earned wages of $60,000. Withholdings related to these wages were $4,590 for FICA, $4,300 for federal income tax, and $1,560 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. Omit cost of goods sold entries. (Ust all debit entries before credit entries. Credit occount titles are automatically indented when amount is entered, Do not indent manualfy. If no entry Is requiled, select "No Entry" for the occoumt titles and enter 0 for the anounts. Record journal entries in the order presented in the problem. Round answers to nearest whole dollar amount. c.s. 5.275) Joumalize the adjusting entries at January 31 for the outstanding note payable and for salaries and wages expense and payroli tax expense. (t)ist aff debit entries before credit entries. Ciedit account tilies are outomatically indented when amount is entered. Do not indent monually. II no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) Prepare the current liabilities section of the balance sheet at January 31, 2025. Assume no change in Accounts Payable