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The Following Payroll Liability Accounts Are Included in the Ledger

Question 80

Essay

The following payroll liability accounts are included in the ledger of Eckstrom Company on January 1, 2010: The following payroll liability accounts are included in the ledger of Eckstrom Company on January 1, 2010:    In January, the following transactions occurred: Jan. 9 Sent a check for $5,000 to Blue Cross and Blue Shield. 11 Deposited a check for $5,750 in Federal Reserve Bank for FICA taxes and federal income taxes withheld. 14 Sent a check for $400 to the union treasurer for union dues. 18 Paid state income taxes withheld from employees. 21 Paid state and federal unemployment taxes. 22 Sent a $1,500 check to a Savings and Loan for the Christmas Club withholdings. Instructions Journalize the January transactions
In January, the following transactions occurred:
Jan. 9 Sent a check for $5,000 to Blue Cross and Blue Shield.
11 Deposited a check for $5,750 in Federal Reserve Bank for FICA taxes and federal income taxes withheld.
14 Sent a check for $400 to the union treasurer for union dues.
18 Paid state income taxes withheld from employees.
21 Paid state and federal unemployment taxes.
22 Sent a $1,500 check to a Savings and Loan for the Christmas Club withholdings.
Instructions
Journalize the January transactions

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