The following payroll liability accounts are included in the ledger of Lily Company on January 1,2020. In January, the following transactions occurred. Jan. 10 Sent check for $800 to unlon treasurer for union dues. 12. Remitted check for $1.970.00 to the Federal Reserve bank for FiCA taxes and federal income taxes withheid 15 Purchased U.S, Sawings Bonds for employees by writing check for $310 17 Paidstate income taxes withheld from employees. 20 Paid federal and state unemployment taxes. 31 Completed inonthly payroll register, which shows salaries and wages $60,000. FICA taxes withheld $4,590, federal income taxes .2 yable $2,055, state income taxes payable 5485 , union dues payable $435, United Fund contribution 31 Completed monthly payroll register, which shows salaries and wages $60,000, FICA taxes withheld $4,590, federal income taxes payable $2,055, state income taxes payable $485, union dues payable $435, United Fund contributions payable $1,835, and net pay $50,600. 31 Prepared payroll checks for the net pay and distributed checks to employees. At January 31, the company also makes the following acerued 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. Account Titles and Explanation Debit Credit (To record completion of monthly payroll register.) (To record preparation and distribution of payroll checks to employees.)