On January 1, 2022, the ledger of Sandhill Co. contained these liability accounts. Accounts Payable Sales Taxes Payable $44,600 8,700 Unearned Service Revenue 21,100 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 $6,360, which includes 6% sales taxes. 12 14 Performed services for customers who had made advance payments of $13,600. (Credit Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2021, $8,700. 20 Sold 710 units of a new product on credit at $54 per unit, plus 5% sales tax. During January, the company's employees earned wages of $60,000. Withholdings related to these wages were $4,590 for Social Security (FICA), $5,200 for federal income tax, and $1,560 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 Jan. 1 O Cash Notes Payable Jan. 5 o Cash Sales Taxes Payable Sales Revenue Debit 18000 6360 Jan. 12 C Unearned Service Revenue 13600 Service Revenue Jan. 14 O Sales Taxes Payable Cash 8700 Credit 18000 6000 360 13600 8700 Prepare the current liabilities section of the balance sheet at January 31, 2022. Assume no change in Accounts Payable. Current Liabilities Accounts Payable FICA Taxes Payable SANDHILL CO. Balance Sheet (Partial) January 31, 2022 Federal Income Taxes Payable State Income Taxes Payable Notes Payable Interest Payable Unearned Service Revenue Salaries and Wages Payable Sales Taxes Payable Total Current Liabilities LA $ 69 44600 4590 5200 1560 18000 75 7500 48650 2277 132452