On January 1, 2022, the ledger of Cullumber Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $43,900 8,000 20,400 During January, the following selected transactions occurred. Jan. 1 5 12 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $6,572, which includes 6% sales taxes. Performed services for customers who had made advance payments of $12,000. (Credit Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2021, $8,000. Sold 640 units of a new product on credit at $48 per unit, plus 5% sales tax. 14 20 During January, the company's employees earned wages of $94,000. Withholdings related to these wages were $7,191 for Social Security (FICA), $5,486 for federal income tax, and $1,646 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. No entry had been recorded for wages or payroll tax expense as of January 31. Date Account Titles and Explanation Debit Credit Jan. 1 Cash 18000 Notes Payable 18000 Jan. 5 Cash 6572 Sales Revenue 6200 Sales Taxes Payable 372 Jan. 12 Unearned Service Revenue 12000 Service Revenue 12000 Jan. 14 Sales Taxes Payable 8000 Cash 8000 Jan. 20 Accounts Receivable 32563 Sales Revenue 30720 Sales Taxes Payable 1843