No.11

November 16 Electronically deposit the amount of FICA taxes and federal income taxes for the October payrolls and complete the Federal Deposit Information WOrksheet (Page 7-50) Since the company is subject to the monthly deposit rule, the deposit is due on the 15th of the following month See the deposit requirements explained on pages 3-16 to 3-19 November 15 is a Sunday therefore the deposit is to be made on the next business day

Prepare the journal for Glo brite to record the deposit of the taxes and post to the appropriate ledger accounts