On January 1, 2022, the ledeer of Sheridan Company contained these ability accounts Accounts Payable Sales Taxos Payable Unearned Service Revenue $43.200 7,200 19,700 During January the following selected transactions occurred Jan. 1 Borrowed $1800 in cash from Anex Bank on 24 month 5%. $18,000 note 5 Suld merchandise for cash totaling $5,936. which includes 6 sales taxes. 12 Performed services for customers who had mada advance payments at $10,2001. Credit Service Revenue) 14 Paid state treasurer's department for sales taxes collected in December 2021 $7.300 20 Sold 570 units of a new product on credit at 552 per unit, plus 5% salesta During January the company's emalocs carned wages of $80.000. Withholdings related to these waSCs were $6,120 for Social Security IFICA) $5,529 for federal income tax, and $1.689 for state Income tax. The company wed no money related to these carnings for federal or state unemployment ta. Assume that wages earned during January will be paid during February. No antry had been recorded for wages or payroll tax expense as of January 21. Your answer is partially correct. Joumalize the January transactions. (Credit court cities are automatically incented fieramount is entered Do not indent manually. Record journal entries in the order presented in the problem. Round crewers to nearest whole dollar amount, eg 5,275 Debit Credit Date Jan. 1 Account Titles and Explanation Cash Notes Payable 18,000 18000 (Jan.5 Cash Sales Revenue Sales Taxes Payable (Jan. 124 Uncarned Service Revenue Service Revenue Sales Taxes Payable Jan. 144 Cash Jan. 204 Accounts Receivable Sales Taxes Payable 1770 | Sales Revenue 29500 e Textbook and Media Ust of Accounts - Your answer is partially correct. Journalize the adjusting entries at January 31 for the outstanding note payable and for salaries and wages expense and payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 Interest Expense 75 Interest Payable 75 (To record the interest on outstanding notes payable.) Salaries and Wages Payable 84000 Salaries and Wages Expense 6426 Federal Income Taxes Payable 5271 State Income Taxes Payable 1581 Salaries and Wages Payable 70722 (To record payroll and withholding taxes.) Jan. 31 Payroll Tax Expense 6426 FICA Taxes Payable 6426 (To record employer's payroll taxes.) e Textbook and Media List of Accounts x Your ameris incorrect. Prepare the current es son of the balance sheet at lanuary 31, 2022. Au g in Acts Payable SHERIDAN COMPANY Balance Sheet (Partial) e Teatboak and Media List of Accounts