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

FICA Taxes Payable		$770
Federal Income Taxes Payable		1,200.00
State Income Taxes Payable		100.00
Federal Unemployment Taxes Payable		300.00
State Unemployment Taxes Payable		1,930.00
Union Dues Payable		800
U.S. Savings Bonds Payable		310

In January, the following transactions occurred.

Jan.	10		Sent check for $800 to union treasurer for union dues.
	12		Remitted check for $1,970.00 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 $310.
	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 $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 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.

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 Version 4.2410A To record completion of monthly payroll register) To record preparation and distribution of payroll checks to employees.) Journalize the adjustments pertaining to employee compensation at January 31. (Round answers to 2 decimal places, e.g. 15.50. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No Date Account Titles and Explanation Debit Credit 1 (To record employee payroll taxes 2 (To record vacation pay.)