Question 4 of 4 View Policies Current Attempt in Progress V On January 1, 2022, the ledger of Sheridan Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue Jan. 1 During January, the following selected transactions occurred. 5 12 14 $56,100 20 7,320 15,800 Borrowed $22,800 in cash from Apex Bank on a 3-month, 5%, $22,800 note. Sold merchandise for cash totaling $5,830, which includes 6% sales taxes. 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 2021, $7,320. Sold 800 units of a new product on credit at $48 per unit, plus 6% sales tax.

Current Attempt in Progress On January 1, 2022, the ledger of Sheridan Company contained these liability accounts. During January, the following selected transactions occurred. Jan. Borrowet $22,800 in cash from Apex Bank on a 3-month, 5%,$22,800 note. 1 5 Sold merchandise for cash totaling $5,830, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $10,000. (Credit Service Revenue.) 14 Paidstate treasurer's department for sales taxes collected in December 2021,\$7,320. 20 Sold 800 units of a new product on credit at $48 per unit, plus 6% sales tax