On January 1, 2022, the ledger of Cullumber Company contained these liability accounts. Accounts Payable $45,000 Sales Taxes Payable 9,100 Unearned Service Revenue 21,500 During January, the following selected transactions occurred. Borrowed $18,000 in cash from Apex Bank on a 4-month,5%. $18,000 note. Sold merchandise for cash totaling $5,936, which includes 6% sales taxes. Performed services for customers who had made advance payments of $12,500. (Credit Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2021. $9,100. 20 Sold 750 units of a new product on credit at $54 per unit, plus 6% sales tax. Jan. 1 5 12 14 During January, the company's employees earned wages of $52,000. Withholdings related to these wages were $3,978 for Social Security (FICA). $5,686 for federal income tax, and $1,706 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. Journalize the January transactions. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem. Round answers to nearest whole dollar amount, eg. 5,275.) Date Account Titles and Explanation Debit Credit n. 1 Cash 18000 Notes Payable 18000 n. 5