The following payroll liability accounts are included in the ledger of Harmon Company on January 1, 2017 FICA Taxes Payable Federal Income Taxes Payable State Income Taxes Payable Federal Unemployment Taxes Payable288.95 State Unemployment Taxes Payable 1,954.40 Union Dues Payable U.S. Savings Bonds Payable $760.00 1,204.60 108.95 870.00 360.00 In January, the following transactions occurred Jan. 10 Sent check for $870.00 to union treasurer for union dues. 12 Remitted check for $1,964.60 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 $360.00 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 $58,000, FICA Taxes withheld $4,437.00, federal Income taxes payable $2,158, state Income taxes payable $454, union dues payable $400, United Fund contributions payable $1,888, and net pay $48,663.00 31 Prepared payroll checks for the net pay and distributed checks to employees At January 31, the company also makes the following accrued adjustments paertaining to employee compensation 1. Employer payroll taxes: FICA taxes 7.65%, federal unemployment taxes 03%, and state unemployment ise 2. Vacation pay: 6% of gross earnings. (Use vacation Benefit Expense to record the transaction.) ,t%