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Problem 10-1A (Part Level Submission On January 1, 2017, the ledger of Romada Company contained these liabilty accounts, $42,500 Accounts Payable Sales Taxes Payable 6,600

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Problem 10-1A (Part Level Submission On January 1, 2017, the ledger of Romada Company contained these liabilty accounts, $42,500 Accounts Payable Sales Taxes Payable 6,600 19,000 During January, the following selected transactions occurred Jan. 1 $18,000 in cash from Apex Bank on a 4 month, 5% S18.000 note. S Sold merchandise for cash totaling s6254, which includes 6% sales taxes 12 Performed services for customers who had made advance payments of 10,000. (Credit Service Revenue. Paid state treasurer's department for sales taxes collected in December 2016, $6600 20 Sold S00 units of a new product on credit at s48 per unit, plus 6% sales tax. During January, the company's employees earned wages of s20,000, withholdings related to these wages were sS,3SS for socal security (FICAJ,sS,000 for federal income tax, and st S00 for state income tax. The company owed no money related to these earnings for federal or state unemployment tax Assume that wages eamed durng January will be paid during February. No entry had been recorded for wages or paymoltaxexpense as of January 31

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