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Oaks Company has completed the payroll for the month of January, reflecting the following data: Salaries and wages earned Employee income taxes withheld FICA payroll

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Oaks Company has completed the payroll for the month of January, reflecting the following data: Salaries and wages earned Employee income taxes withheld FICA payroll taxes $ 35,000 14,000 6,500 Assessed on both employer and employee (e $6.500 each) 2. List the abilities and their amounts reported on the company's January 31 balance sheet assuming the employees have been paid but that no transfers have been made to government agencies OAKS COMPANY Balance Sheet Liabilities (Partial) As of January 31 Total

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