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On January 1, 2022, the ledger of Wildhorse Cocontained these liability accounts Accounts Payable $53.400 Sales Taxes Payable B580 16.000 Uneared Service Reven During January

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On January 1, 2022, the ledger of Wildhorse Cocontained these liability accounts Accounts Payable $53.400 Sales Taxes Payable B580 16.000 Uneared Service Reven During January the following selected transactions occurred Jan 1 Barrowed 525.200 in cash from Apex Bank on a month 5.525 200 rote interest whepada maturity 5 12 Sold merchandise for cash totaling 56,996 which includes sales taxes Performed services for customers who had made advance payments 511.000. (Credit Service Reven Paid state treasurer's department for sales tes collected in December 2023, $8.580 Sold 500 units of a new product on dita per unit peste 14 20 During January, the como semploves clied wages of 550.000 Wahholding related to the wapewe 25 for FICA 53.550 for federal income tax and $1050 for state income tax The.com wwe come theaterfederata statement tax Assume that was earned during will be adding February No entry had been recorded wor roll tax expense of 1 Type here to cha Journalize the adjusting entries at January 31 for the outstanding note payable and for salaries and westperise and payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Jan 31 Ito adjust interesteanense Jan 31

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