On January $1,2027,$ Cullumber Company's accounting racords containsd these liability accounts.

During January, the following salacted transactions occurred.

Jan. $1$ Borroved $$19,000$ in cash from Apex Bankik on a $4-$month, $59,$$$18,000$ note.

$5$ Sold marchandise for cash totaling $$5,512,$ which includes $6\%$ sales taves.

$12$ Performed services for customers who had made advance payments of $$11,800.($Record Sarvice Revenue$)$

$14$ Paid state treasurar's dapartment for sales taxas collected in December $2026,$ $$6,900.$

$20$ Sold $590$ units of a new product on cradit at $$50$ per unit, plus $696$ alas tax.

During January, the company's employes earned wages of $$70,700.$ Withholdings relatad to these wages were $$5,409$ for FICA,

$$5,050$ for federal income tax, and $$1,515$ for state income tax. The company owed no money relatad to these arnins for fadaral or

state unamployment tax. Assume that wages earned during January will be paid during February. Wages or payroll taxexpense hava

not baen recorded as of January $31.$

$($a$)$

Prapare a tabular summary to record the January transactions and the adjustmants on January $31$ for the outstanding nota

payable and the salaries and wases expense and payroll tax expense. Include marzin explanations for the changes in revenues and

expenses. $($ff a transaction couses a decrease in Assets, Liabilities or Stockhalders' Equity, ploce a negotive sign $($or porentheses$)$ in front of

the amount entered for the particular Asset. Liability or Equity item that was reduced. Round answers to $0$ decimal places, es $.5,275.)$ Add accounts payable $+$ salaries&wages payable$+$unearned service rev$+$ sales taxes payable $+$ interest pay $+$ FICA taxes pay $+$ fed inc taxes pay $+$ st inc taxes pay $+$ state unemp taxes pay $+$ common stock $+$ revenue $-$ expense $-$ dividend