On January 1, 2017, the ledger of Blossom Company contained these liability accounts. S Accounts Payable tores Payable med Service Revenue $43,700 7,200 20,200 D r y the following selected transactions occurred. 13,000 in cash from Apex Bank on a 4 month, 5%, $18,000 note. merchandise for cash totaling 56,678, which includes 6% sales taxes. ored services for customers who had made advance payments of $12,300. (Credit Service Revenue.) traurer's department for sales taxes collected in December 2016, 57,200. units of a new product on credit at $45 per unit, plus 6% sales tax. P the company's employees earned wages of $79,500. Withholdings related to these wages were $6,082 for Social Security (FICA), 55,679 for federal atencome tax. The company owed no money related to these earnings for federal or state unemployment tax. Assume that wages will be paid during February. No entry had been recorded for wages or payroll tax expense as of January 31. out tries theanuary transactions. (Credit account titles are automatically Indented when amount is entered on the order presented in the problem. Round answers to nearest whole dollar amount, e.g. 5,275.) Account Titles and Explanation Debit Credit Problem 10-1A (Part Level Submission) On January 1, 2017, the ledger of Blossom Company contained these liability accounts. Accounts Payable Sales Taxes Payable $43,700 Unearned Service Revenue 7,200 20,200 During January, the following selected transactions occurred. Jan. 1 5 12 14 20 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $6,678, which includes 6% sales taxes. Performed services for customers who had made advance payments of $12,300. (Credit Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2016, $7,200. Sold 620 units of a new product on credit at $45 per unit, plus 6% sales tax. During January, the company's employees earned wages of $79,500. Withholdings related to these wages were $6,082 for Seca Security (ICA), 55,679 for federal income tax, and $1,704 for state income tax. The company owed no money related to the cars for federal or state unemployment tax. Assume that wages earned during January will be paid during February Netry had been recorded for wages or payroll tax expense as of January 31. Date Account Titles and Explanation Debit Credit