the following payroll liability accounts are included in the ledger of Grandon companyny on January 1, 2014 Fica Taxes Payble $540 Federal Income taxes payable $ 1,100 State income taxes payable $ 210 federal unemployment taxes payable $54 state unemployment taxes payable$365 union dues payable$200 u.s savings bonds payable $300

In january the following transactions occured

Jan 10. Sent check for $200 to union treasurer for union dues

Jan 12 Remitted check for $ 1,640 to the Federal Reserve Bank for FICA taxes and federal income taxes withheld

Jan 15. Purchased U.S Savings bonds for employees by writting check for $300

Jan 17. Paid state income taxes withheld from employees

Jan 20 Paid federal and state unemployment taxes

Jan 31 Completed monthy payroll register, which shows salaries and wages $42,000 FICA taxes withheld $3,213, federal income taxes payable $2,540, state income taxes payable $500, union dues payable $300, united fund contributions payable $1,300 and net pay $34,147

Jan 31 Prepared payroll checks for the net pay and distributed checks to employees

At january 31, the company also makes the following accruals pertaining to employee compensation

1. Employer payroll taxes: FICA taxes 7.65%, state unemployment taxes 5.4% and federal unemployment taxes 0.8%

2. Vactions pay: 5%of gross earnings

Instructions: (a) journalize the January transactions (b) journalize the adjustments pertaining to employee compensation at January 31st