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The Following Payroll Liability Accounts Are Included in the Ledger

Question 51

Essay

The following payroll liability accounts are included in the ledger of Devito Company on January 1, 2022: FICA taxes payable $1,750fedreral income taxes payable 4,000state income taxes payable 665 federal unemployment taxes payable175state unemployment taxes payable 1,190\begin{array}{ll}\text {FICA taxes payable }&\$1,750\\\text {fedreral income taxes payable }&4,000\\\text {state income taxes payable }&665\\\text { federal unemployment taxes payable}&175\\\text {state unemployment taxes payable }&1,190\\\end{array} In January, the following transactions occurred:
Jan. 11 Deposited a check for $5,750 in Federal Reserve Bank for FICA taxes and federal income taxes withheld.
18 Paid state income taxes withheld from employees.
21 Paid state and federal unemployment taxes.
Instructions
Journalize the January transactions

Correct Answer:

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\[\begin{array}{ll}
\text {jan. 11 }&\te...

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