11-8 The following payroll liability accounts are included in the ledger of Milton's Brewery and...
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Accounting
11-8 The following payroll liability accounts are included in the ledger of Milton's Brewery and Grille on January 1, 2010: In January, the following transactions occurred: Jan. 10 Sent check for $250.00 to union treasurer for union dues. 12 Deposited check for $1,916.80 in Federal Reserve bank for FICA taxes and federal income taxes withheld. 15 Purchased U.S. Savings Bonds for employees by writing check for $350.00. 17 Paid state income taxes withheld from employees. 20 Paid federal and state unemployment taxes. 31 Completed monthly payroll register, which shows office salaries \$17,600: store wages \$27,400; FICA taxes withheld \$3,600; federal income taxes payable $1.770; state income taxes payable $360; union dues payable $400 United Fund contributions payable $1.800; and net pay $37,070. 31 Prepared payroll checks for the net pay, and distributed checks to employees
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You can see the logs in the Dashboard.