journalize the adjustments pertaining to employee compensation at 31 january 618501

FICA Taxes Payable

$ 760.00

Federal Income Taxes Payable

1,204.60

State Income Taxes Payable

108.95

Federal Unemployment Taxes Payable

288.95

State Unemployment Taxes Payable

1,954.40

Union Dues Payable

870.00

U.S. Savings Bonds Payable

360.00

10

Sent check for $870.00 to union treasurer for union dues.

12

Remitted check for $1,964.60 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 $360.00.

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 $2,158, state income taxes payable $454, union dues payable $400, United Fund contributions payable $1,888, and net pay $48,663.

31

Prepared payroll checks for the net pay and distributed checks to employees.