View Policies Show Attempt History Current Attempt in Progress On January 1, 2022, the ledger of Blossom Company contained these liability accounts. Accounts Payable Sales Taxes Payable Une hed Service Revenue Jan. 1 During January, the following selected transactions occurred. 5 (a) 12 14 $43,700 20 7,800 20,200 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 $12,300. (Credit Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2021, $7,800. Sold 620 units of a new product on credit at $45 per unit, plus 6% sales tax. During January, the company's employees earned wages of $90,000. Withholdings related to these wages were $6,885 for Social Security (FICA), $5,679 for federal income tax, and $1,704 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.

On January 1,2022, the ledger of Blossom Company contained these liability accounts. During Jaruary, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%,$18,000 note. 5 Sold merchandise for cash totaling $6,678, which includes 6% sales taxes. 12. Performed services for customers who had made advance payments of $12,300. (Credit Service Revenue.) 14 Paid state treasurer's department for sales taxes collected in December 2021,57,800. 20 Sold 620 units of a new product on credit at $45 per unit, plus 6% sales tax. During January, the company's employees earned wages of $90,000. Withholdings related to these wages were $6,885 for 50cial Security (FICA), \$5,679 for federal income tax, and \$1,704 for state income tax, The company owed no money related to these earnings for federaf 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. \begin{tabular}{l|l|l|} \hline Date Account Titles and Explanation & Debit \\ Jan 31 & Credit \\ \hline & \end{tabular} (To record the interest on outstanding notes payble) Jan31 (To record payroll and withholding taxes) tan31 (To record employer's parroll taxes) eTextbook and Media