On January 1, 2022, the ledger of Oriole Company contained these liability accounts.

Accounts Payable		$44,100
Sales Taxes Payable		8,200
Unearned Service Revenue		20,600

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.
5		Sold merchandise for cash totaling $5,936, which includes 6% sales taxes.
12		Performed services for customers who had made advance payments of $11,700. (Credit Service Revenue.)
14		Paid state treasurers department for sales taxes collected in December 2021, $8,200.
20		Sold 660 units of a new product on credit at $50 per unit, plus 6% sales tax.

During January, the companys employees earned wages of $98,000. Withholdings related to these wages were $7,497 for Social Security (FICA), $5,229 for federal income tax, and $1,569 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.

(a)

(b)

(c)

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, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Jan. 1 cash 18,000 Notes Payable 18,000 Jan.5 . cash 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 (To record the interest on outstanding notes payable.) Jan. 31 (To record payroll and withholding taxes.) Jan. 31 (To record employer's payroll taxes.) Prepare the current liabilities section of the balance sheet at January 31, 2017. AU TIN ORIOLE COMPANY Balance Sheet (Partial)