Problem 10-01A (Part Level Submission) On January 1, 2022, the ledger of Sheridan Company contained these liability accounts. Accounts Payable $43,200 Sales Taxes Payable 7,300 Uneamed Service Revenue 19,700 During January, the following selected transactions occurred. Jan. 1 5 12 14 20 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5, $18,000 note Sold merchandise for cash totaling $5,936, which includes 6% sales taxes Performed services for customers who had made advance payments of $10,300. (Credit Service Revenue) Paid state treasurer's department for sales taxes collected in December 2021, $7,300. Sold 570 units of a new product on credit at $2 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 Social Security (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. Journaline the January transactions. (Credit account thesare automatically indented in the problem. Round answers to nearest whole dollar amount ... 5,275 SALVATOR PRINTER VERSION BACK NEXT amount is entered. Do not indent manually. Record journal entries in the order presented Account Titles and explanation Sales Tones Payable 12 Uncanned Service Revenue I service Revenue Jan 14 Jan 2013 Accounts Receivable Sales Revence Your answer is correct expense. (Credit accountries are automatically Indented Journalize the duting entries at anuary 31 for the outstanding note payable and for sales and wages expense and payroll when amount is entered. Do not indent manually.) Date Account Tities and ta Jan. 31 Interest Expen and Wege ya To record payroll and witholengte) Jan 31 Taxe (to recordingly (C) Prepare the current liabilities section of the balance sheet at January 31, 2022. Assume no change in Accounts Payable. SHERIDAN COMPANY Balance Sheet (Partial)