Problem 10-1A (Part Level Submission) On January 1, 2017, the ledger of Sheridan Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $44,300 7,500 20,800 During January, the following selected transactions occurred Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $6,254, which includes 6% sales taxes. Performed services for customers who had made advance payments of $12,500. (Credit Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2016, $7,500 Sold 680 units of a new product on credit at $53 per unit, plus 6% sales tax. 5 12 14 20 During January, the company's employees earned wages of $70,300. Withholdings related to these wages were $5,378 for Social Security (FICA), $5,021 for federal income tax, and 1,506 for state income tax. The company owed no money related these earnings orre era o s te unemployment tax. A s un e at wage earned g January will be paid during February. No entry had been recorded for wages or payroll tax expense as of January 31. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to nearest whole dollar amount, eg. 5,275.) Date Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work