Audrey works in the accounting department of colorado manufacturing. today she will use the firm's ledger to summarize information that was posted over the most recent time period. her goal is to determine if the accounts are balanced as required by the double-entry method of bookkeeping. to be sure they are correct, audrey will prepare a(n):

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.