On January 1, 2025, the ledger of Sheridan Company contained these liability accounts. 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 $10,300. (Credit Service Revenue.) 14 Paid state treasurer's department for sales taxes collected in December 2024, $7,300. 20 Sold 570 units of a new product on credit at $52 per unit, plus 5% sales tax. During January, the company's employees earned wages of $80,000. Withholdings related to these wages were $6,120 for FICA, $5,629 for federal income tax, and $1,689 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. Omit cost of goods sold entries. (List all debit entries before credit entries. 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 O for the amounts. Record journal entries in the order presented in the problem. Round answers to nearest whole dollar amount, e.g. 5,275. Journalize the adjusting entries at January 31 for the outstanding note payable and for salaries and wages expense and payroll tax exoense. (List all debit entries before credit entries. Credit account titles are automaticallv indented when amount is entered. Do not indent Prepare the current liabilities section of the balance sheet at January 31. 2025. Assume no change in Accounts Payable