|FICA Taxes Payable||$720|
|Federal Income Taxes Payable||1,185|
|State Income Taxes Payable||100|
|Federal Unemployment Taxes Payable||300|
|State Unemployment Taxes Payable||1,930|
|Union Dues Payable||840|
|U.S. Savings Bonds Payable||350|
In January, the following transactions occurred.
|Jan.??||10||Sent check for $840 to union treasurer for union dues.|
|12||Remitted check for $1,905.00 to the Federal Reserve bank for FICA taxes and federal income taxes withheld.|
|15||Purchased U.S. Savings Bonds for employees by writing check for $350.|
|17||Paid state income taxes withheld from employees.|
|20||Paid federal and state unemployment taxes.|
|31||Completed monthly payroll register, which shows salaries and wages $58,000, FICA taxes withheld $4,437, federal income taxes payable $1,945, state income taxes payable $465, union dues payable $375, United Fund contributions payable $1,785, and net pay $48,993.|
|31||Prepared payroll checks for the net pay and distributed checks to employees.|
At January 31, the company also makes the following accrued adjustments pertaining to employee compensation.
|1.||Employer payroll taxes: FICA taxes 7.65%, federal unemployment taxes 0.8%, and state unemployment taxes 5.4%.|
|2.||Vacation pay: 6% of gross earnings.|
Journalize the January transactions
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