On January 1, 2025, the ledger of Sunland Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue Jan. 1 During January, the following selected transactions occurred. 5 12 14 $43,300 7,400 20 19,800 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $5,512, which includes 6% sales taxes. Performed services for customers who had made advance payments of $11,800. (Credit Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2024, $7,400. Sold 580 units of a new product on credit at $48 per unit, plus 5% sales tax. During January, the company's employees earned wages of $82,000. Withholdings related to these wages were $6,273 for FICA, $5,057 for federal income tax, and $1,517 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.

On January 1. 2025, the ledger of Sunland 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 \$5,512, which includes 6% sales taxes. 12 Performed services for customers who had made advance pavments of $11,800. (Credit Service Revenue) 14. Paid state treasurer's department for sales taxes collected in December 2024, 57,400 . 20 Sold 580 units of a new product on eredit at $48 per unit, plus 5% sales tax. During Jaruary, the company's employees earned wages of $82,000. Withholdings related to these wages were $6,273 for FICA. $5,057 for foderal income tax, and \$1,517 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 taxexpense as of January 31