On January 1, 2022. the ledger of Cullumber Company contained these liability accounts. Accounts Payable...

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On January 1, 2022. the ledger of Cullumber Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $43.900 8.000 20,400 During January, the following selected transactions occurred. Jan 1 5 12 14 20 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5% $18,000 note. Sold merchandise for cash totaling $6,572, which includes 6% sales taxes. Performed services for customers who had made advance payments of $12,000. (Credit Service Revenue.) Paid state treasurer's department for sales taxes collected in December 2021, $8,000 Sold 640 units of a new product on credit at $48 per unit, plus 5% sales tax. During January.the company's employees earned wages of $94.000 Withholdings related to these wages were $7.191 for Social Security FICA. 55.486 for federal income tax and $1.646 for state income tax. The company owed no money related to these earnings for federalor state unemployment tax. Assume that was earned during January will be paid during February. No entry had been recorded for was 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.) Account Titles and Explanation Debit Credit Date

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