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The following payroll liability accounts are included in the ledger of Harmon Company on January 1, 2017 FICA Taxes Payable Federal Income Taxes Payable State Income Taxes Payable Federal Unemployment Taxes Payable State Unemployment Takes Payable Union Dues Payable U.S. Savings Bonds Payable $ 760.00 1,204.60 108.95 288.95 1,954.40 870.00 360.00 In January the following transactions occurred. Jan, 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 S360.00 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 54,437, federal income taxes payable $2,158, state income taxes payable $454, union dues payable $400, United Fund contributions payable $1.888. and nct pay 48.663. 31 Prepared payroll checks for the net pay and distributed checks to employees. On 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 2. Vacation pay: 6% of gross carings Required: (a) Journalize the January transactions. (8 Marks) (b) Journalize the adjustments pertaining to employee compensation at January 31. (2 Marks) Q1

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