On January 1, 2025, the ledger of Sheridan Company contained these liability accounts. Accounts Payable Sales Taxes Payable $44,300 8,400 Unearned Service Revenue 20,800 During January, the following selected transactions occurred. Jan. 1 12 14 20 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. 5 Sold merchandise for cash totaling $6,254, which includes 6% sales taxes. Performed services for customers who had made advance payments of $12,500. (Credit Service Revenue.) Paid state trea