PSB9.2 Prepare current liability entries, adjusting entries, and current liability section. 02 On 1 January 2019, the ledger of Jasmine Ltd contained the following liability accounts. Accounts payable PAYG withheld tax payable Service revenue received in advance $8500 1 320 3 800 During January the following selected transactions occurred. Jan. 1 Borrowed $30 000 in cash from East Coast Bank on a 6-month, 10% note. 16 Provided services for customers who had made advance payments of $2000 (credit the service revenue account). 22 Paid the tax office $1320 for PAYG tax withheld in December 2018 During January the entity's employees earned wages of $16000. Withholdings related to these wages were $2000 for a health fund, $1450 for PAYG tax withheld and $1440 for super- annuation. Assume that wages earned during January will be paid during February. No entry has been recorded for wages or payroll tax expense as of 31 January Required (a) Journalise the January transactions. (b) Journalise the adjusting entries at 31 January for the outstanding note payable and for wages expense. (c) Prepare the current liability section of the statement of financial position at 31 January 2019. Assume no change in Accounts Payable. (d) Discuss some of the other costs employers may incur in relation to their employees