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On January 1,2022, the ledser of Blossom Company contained these liability accounts. During lanuary, the following selected transactions occurred Jan. 1 Borrowed $18,000 in cash

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On January 1,2022, the ledser of Blossom Company contained these liability accounts. During lanuary, the following selected transactions occurred Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-menth, 5%,518.000 note. 5 Sold merchandise for cash totaling $6.678, which includes 6 sales taxes 12 Performed services for customers who had made advance payments of $12.300. (Credit Service Revenue) 14 Paid state treanurer's departument for sales taxes collected in December 2021,57,800. 20 Sold 620 units of a new product on cred it at $45 per unit, plus 6% sales tax. During January, the company s employces earned wases of $90.000. Withnoldings related to these wages were $6.885 for Soclal carnings for federal of state unemplovment tax Aswine that wages earned during January will be pald durig F February No entry iud been recorded for wages or parroll tax expenie as of lanaary 31 Prepare the current liabilities section of the balance sheet at January 31, 2022. Assume no change in Accounts Payable

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