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Problem 11-04A a-b (Video) The following payroll liability accounts are included in the ledger of Sunland Company on January 1, 2020 FICA Taxes Payable Federal Income Taxes Payable State Income Taxes Payable Federal Unemployment Taxes Payable State Unemployment Union Dues Payable U.S. Savings Bonds Payable $775 1,190.00 120.00 295.00 1,950.00 825 320 Taxes Payable In January, the following transactions occurred Jan. 10 Sent check for $825 to union treasurer for union dues. 12 Remitted check for $1,965.00 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 $320 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 $62,000, FICA taxes withheld $4,743, federal income taxes payable $2,175, state income taxes payable $395, union dues payable $475, United Fund contributions payable $1,990, and net pay $52,222 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

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