On Jareary 1, 2025, the ledger of Biossom Company contalned these liability accounts During January, the following selected transactions occurred Jan. 1 Blorrowed 518.000 in cash from Apex Bark on a 4 manth, 5,518.000 note. 5 Sold merchandive for cash totaling 56,466 , which inchudes 6% sales taxes. 12. Performed services for customers who had made advance pavments of $13,800. [Credit Service Revenue] 14 Paid state treasurer s department for cales taes collected in December 2024, 58,900 20 Sold 730 units of a new product en credit at $45 per unit, plus 6 salestax, During Janumy, the company's employees carned wages of 556,000 . Withholding related to these wages were $4,284 for FiCA $4,000 for federal income tax, and 51,678 for state income tax. The company owed no money relaced to these earnings for federnl or state unemployment tax. Assume that wages earned during Ianuary 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 eotries. \{Lst al debit entries before credit entries Oredit account titles are automotiodly indented whos amount is entered. Do not indent manually, If no entry is required select "Ho Entry" for the actount tides and enter 0 for the amounts, Record joumal entries in the order presented in the problem. found anowers to noorest whole dollar amount es 5,275 Journalize the adjusting entries at January 31 for the outstanding note payable and for salaries and wages expense and payroll tax expense. (Uist oll debit entries before credit entries Credlt occount titles are outomatically indented when amount is entered, Do not indent manuoliy. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.) Prepare the current liabilities section of the balance sheet at January 31, 2025. Assume no change in Accounts Payable