No$.9$ Electronically deposit the amount of FICA taxes and federal income taxes for the October payrolls and complete the Federal Deposit Information Worksheet Transaction No$.9.$ Since the company is subject to the monthly deposit rule, the deposit is due on the $15$th of the following month. See the deposit requirements explained Deposit Requirements $($Nonagricultural Workers$).$ November $15$ is a Sunday; therefore, the deposit is to be made on the next business day.

Prepare the journal entry to record the deposit of the taxes, and post to the appropriate ledger accounts.