On January 1, 2022, the ledger of Pharoah Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $44,200 8,300 20,700 During January, the following selected transactions occurred. Jan 1 5 12 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. Sold merchandise for cash totaling $6,678, which includes 6% sales taxes. Performed services for customers who had made advance payments of $12,100. (Credit Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2021, $8,300 Sold 670 units of a new product on credit at $55 per unit plus 6% sales tax. 14 20 During January, the company's employees earned wages of $68,000. Withholdings related to these wages were $5,202 for Social Security (FICA). $5,093 for federal income tax, and $1.528 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 (b) Journalize the adjusting entries at January 31 for the outstanding note payable and for salaries and wages expense and payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 31 (To record the interest on outstanding notes payable.) Jan. 31 (To record payroll and withholding taxes.) Jan 31 (To record employer's payroll taxes.)