The following summary data for the payroll period ended on April 10, 2015, are available for Brac Construction Ltd.:

Gross pay $ ? FICA tax withholdings ? Income tax withholdings 24,680 Medical insurance contributions 1,118 Union dues 540 Total deductions 35,685 Net pay 86,495

b-1. Use the horizontal model to show the effects of the payroll accrual. (Use amounts with + for increases and amounts with for decreases.)

Balance Sheet

Income Statement

Assets

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Liabilities

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Stockholders Equity

Net Income

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Revenues

Expenses

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+

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