On January 1, 2022, the ledger of Pharoah Company contained these liability accounts. Accounts Payable $43,100 Sales Taxes Payable 7,200 Unearned Service Revenue 19,600 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 $7,420, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $11,100. (Credit Service Revenue.) 14 Paid state treasurer's department for sales taxes collected in December 2021, $7,200. 20 Sold 560 units of a new product on credit at $49 per unit, plus 5% sales tax. During January, the company's employees earned wages of $78,000. Withholdings related to these wages were $5,967 for Social Security (FICA), $5,236 for federal income tax, and $1,571 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, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 18000 Notes Payable 18000 Jan. 5 V Cash 7420 Sales Taxes Payable 420 Sales Revenue 7000 Jan. 12 V Uneamed Service Revenue 11100 Service Revenue 11100 Jan. 14 V Sales Taxes Payable 7200 Cash 7200 Jan. 20 V Accounts Receivable 28812 Sales Taxes Payable 1372 Sales Revenue 27440 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.) Debit Credit Date Account Titles and Explanation Jan. 31 Interest Expense Interest Payable (To record the interest on outstanding notes payable.) Jan. 31 Salaries and Wages Expense FICA Taxes Payable Federal Income Taxes Payable State Income Taxes Payable Salaries and Wages Payable (To record payroll and withholding taxes.) Jan. 31 Payroll Tax Expense FICA Taxes Payable (To record employer's payroll taxes.)