1. accounting
   

Lee Financial Services pays employees monthly. Payroll information is listed below for January 2021, the rst month of Lee's scal year. Assume that none of the employees exceeded any relevant base of pay, such that all benefit percentages apply to the entire $610,000 payroll Salaries $610,000 Federal income taxes to be withheld 122,000 Federal unemployment tax rate 0.60% State unemployment tax rate (after SUTA deduction) 5.40% Social security tax rate 6.20% Medicare tax rate 1.45% I Required: Calculate the income and payroll taxes for the January 2021 pay period. Prepare the appropriate journal entries to record salaries expense and payroll tax expense for the January 2021 pay period. Complete this question by entering your answers in the tabs below. General Journal Prepare the appropriate journal entries to record salaries expense and payroll tax expense for the January 2021 pay period. (If no entry is required for a transaction/event, select "No journal entry required" in the rst account eld.) ViEW transaction "5! 1 Record salaries expense for January 2021 pay period. I > 2 Record payroll tax expense for January 2021 pay / period. For several years Fister Links Products has held Microsoft bonds, considered by the company to be securities available-forsale. The bonds were acquired at a cost of $630,000. At the end of 2021. their fair value was $766,000 and their amortized cost was $640,000. At the end of 2022, their fair value was $762,500 and their amortized cost was $650,000. At what amount will the investment be reported in the December 31, 2022, balance sheet? What adjusting entry is required to accomplish this objective (ignore interest)? Complete this question by entering your answers in the tabs below. Balance General Sheet Jou rnal At what amount will the investment be reported in the December 31, 2022, balance sheet? General Journal >