On January 1, 2022, Blossom Company's accounting records contained these liability accounts. Accounts Payable $43,700 Sales Taxes Payable 7,800 Unearned Service Revenue 20,200 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. Sold merchandise for cash totaling $6,678, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $12,300. (Record Service Revenue.) 14 Paid state treasurer's department for sales taxes collected in December 2021, $7,800. 20 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 FICA, $5,679 for federal income tax, and $1,704 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. Wages or payroll tax expense have not been recorded as of January 31. Prepare a tabular summary to record the January transactions and the adjustments on January 31 for the outstanding note payable and the salaries and wages expense and payroll tax expense, Include margin explanations for the changes in revenues and expenses. f a transaction causes a decrease in Assets, Liablities or Stockhoiders" Equity place a negative sign for parmtheses) in front of the amount entered for the porticular Asset, Liability or Equity item that was reduced. Round answers to Odecimal places, eg. 5.275) Assets Cash Accts. Rec. Notes Pay. Acct. Bal. Jan 1 Jan. 5 Jan 12 Jan. 14 Jan. 20 Ad. Jan. 31 Jan. 31 Jan. 31 Bal