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 $6,254, which includes 6% sales taves. 12 Performed services for customers who had made advance payments of $12,500. (Credit Service Revenue.) 14 Paid state treasurer's department for sales taxes collected in December 2021, 58.400. 20 Sold 680 units of a new product on credit at 353 per unit, plus 5% sales tax. During January, the company's employees earned wages of $66,000. Withboldings related to theie wages were 55,049 for 50 ial Security (FICA), \$5,021 for federal income tax, and $1,506 for state income tax. The company owed no money related to these. earnings for federal or state unemployment tax. Assume that wages earned during Jantary will be paid during February No entry been recorded for wages or payroll tax expense as of January 31. Journalipe the adjusting entries at January 31 for the outstanding note payable and for silaries and wages expense and pwroil tax: expense. (Credtit occount tities are dutomotically indented when omount is entered Do not indent manually) Prepare the current liabilities section of the balance sheet at January 31. 2022. Assume nochanop in Account5 Payable. On January 1,2022 the ledger of Sheridan Company 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 56,254 , which includes 6% sales taxes 12 Performed services for customers who fud made advance payments of 312.500 . Credit Service Rewkue. 14 Pald state treasurer's department for sales taxes collected in December 2021, $8,400. 20 Sold 680 units of a new product on credit at 553 per unit, plus 5% sales tax. During January the company's employees earned wages of $66,000 Withiboldings related to these wages were 55,049 for Social Security (FICA), \$5,021 for federal income tax, and \$1.506 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