The following payroll liability accounts are included in the ledger of Lily Company on January 1, 2020 FICA Taxes Payable $700 Federal Income Taxes Payable 1,210 00 State Income Taxes Payable 105 00 Federal Unemployment Taxes Payable 275 00 State Unemployment Taxes Payable 1,965 00 Union Dues Payable 850 U S Savings Bonds Payable 345 In January, the following transactions occurred Jan 10 Sent check for $850 to union treasurer for union dues 12 Remitted check for $1,910 00 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 $345 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 $56,000, FICA taxes withheld $4,284, federal income taxes payable $2,050, state income taxes payable $440, union dues payable $360, United Fund contributions payable $1,980, and net pay $46,886 31 Prepared payroll checks for the net pay and distributed checks to employees At 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 unemployment taxes 5 4 2 Vacation pay 6 of gross earnings Journalize the January transactions (Round answers to 2 decimal places, e g 15 25 Credit account titles are automatically indented when amount is entered Do not indent manually Record journal entries in the order presented in the problem ) Date Account Titles and Explanation Debit Credit Jan 10Jan 12Jan 15Jan 17Jan 20Jan 31 Jan 10Jan 12Jan 15Jan 17Jan 20Jan 31 Jan 10Jan 12Jan 15Jan 17Jan 20Jan 31 Jan 10Jan 12Jan 15Jan 17Jan 20Jan 31 Jan 10Jan 12Jan 15Jan 17Jan 20Jan 31 Jan 10Jan 12Jan 15Jan 17Jan 20Jan 31 (To record completion of monthly payroll register ) Jan 10Jan 12Jan 15Jan 17Jan 20Jan 31 (To record preparation and distribution of payroll checks to employees )

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The following payroll liability accounts are included in the ledger of Lily Company on January 1, 2020. FICA Taxes Payable $700 Federal Income Taxes Payable

The following payroll liability accounts are included in the ledger of Lily Company on January 1, 2020.

FICA Taxes Payable		$700
Federal Income Taxes Payable		1,210.00
State Income Taxes Payable		105.00
Federal Unemployment Taxes Payable		275.00
State Unemployment Taxes Payable		1,965.00
Union Dues Payable		850
U.S. Savings Bonds Payable		345

In January, the following transactions occurred.

Jan.	10	Sent check for $850 to union treasurer for union dues.
	12	Remitted check for $1,910.00 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 $345.
	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 $56,000, FICA taxes withheld $4,284, federal income taxes payable $2,050, state income taxes payable $440, union dues payable $360, United Fund contributions payable $1,980, and net pay $46,886.
	31	Prepared payroll checks for the net pay and distributed checks to employees.

At 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 unemployment taxes 5.4%.
2.		Vacation pay: 6% of gross earnings.

Journalize the January transactions. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 10Jan. 12Jan. 15Jan. 17Jan. 20Jan. 31