On January 1, 2014, the ledger of Shumway Company contains the following liability accounts.

Accounts Payable		$52,000
Sales Taxes Payable		5,800
Unearned Service Revenue		14,000

During January, the following selected transactions occurred.

Jan. 5		Sold merchandise for cash totaling $22,470, which includes 7% sales taxes.
12		Provided services for customers who had made advance payments of $10,000. (Credit Service Revenue.)
14		Paid state revenue department for sales taxes collected in December 2013 ($5,800).
20		Sold 600 units of a new product on credit at $50 per unit, plus 7% sales tax.
21		Borrowed $14,000 from DeKalb Bank on a 3-month, 8%, $14,000 note.
25		Sold merchandise for cash totaling $12,947, which includes 7% sales taxes