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Current Attempt in Progress On January 1,2025 , the ledger of Cullumber Company contained these liability accounts. During January, 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 $6,572, which includes 6% sales taxes. 12. Performed services for customers who had made advance payments of $12,000. (Credit Service Revenue) 14 Paid state treasurer's department for sales taxes collected in December 2024, $8,000. 20 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 FICA. $5.486 for federal income tax, and $1,646 for state income tax. The compuny 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. Journalize the Jamuary transactions. Omit cost of goods sold entries, (list all debit entries before credit entries, Credit account titles are automotically indented when amount is entered. Do not indent manually if no entry is required, seiect "No Entry" for the occount tittes and enter of for the amounts, Recond journat entries in the order presented in the problem. Round onswers to nearest whole dollar amount, e.s. 5,275.) Question 6 of 6 Journalize the adjusting entries at January 31 for the outstanding note payable and for salaries and wages expense and payroll tax expense. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.] Question 6 of 6 11 Jan31 (To record the interest on outstanding notes payable) Jan.31 (To record payroll and withholding taxes) Jan. 31 (To record employer's payroll taxes) Prepare the current liabilities section of the balance sheet at January 31, 2025. Assume no change in Accounts Payable. Question 6 of 6 /1 $ I $ Question 6 of 6 Current Assets Current Liabilities Intangible Assets Long-Term Investments Long-Term Liabilities Property, Plant, and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-Term Investments Total Long-Term Liabilities Total Property, Plant, and Equipment Total Stockholders' Equity $ \begin{tabular}{|c|} \hline \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline \end{tabular} +

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