On lanary 1.2025, the ledger of Ivanhoe Company contained these liability accounts. Durisw January, the following selected transactions cccurred. Jan. 1 Borrowed $18000 incash from Npex Barkon a 4 month 5518000 note. 5. Sold merchandise for cash totaling 56,360 , which includes 6$ sales tame. 12 Performed services for custorners whohad made advance pyyments of \$11,000. (Credit Service Revenue) 14 Paid state tremuers degartment for sales taxes collected in Decimber 2024, 58,100. 20 Sold 650 units of a new product on credit at $46 per unit. plis 6 sales tax. state uremplomment tax. Aswamet that wages earned during tanuary will be paid during February. No entry had been recorded for wage or payroll 1 ar espense as of Jamary 31. Journalize the January transactions. Otnit cost of goods sold entries (List af debit entries before credit entries. Credit account titles are cutramatically indented when amount is entered, Do not indent manudly. If no entry is required, seloct "No Entry for the account tilles and enter Ofor the amounts. Record joumal entries in the order presented in the problem, Round answers to nearest whole dollar amount, eg.5.275)