Acontract made for the sale of a farm stated that the buyer’s deposit would be returned "if for any reason the farm cannot be sold." the seller later stated that she had changed her mind and would not sell, and she offered to return the deposit. the buyer refused to take the deposit back and brought suit to enforce the contract. the seller contended that the "any reason" provision extended to anything, including the seller’s changing her mind. was the buyer entitled to recover? [phillips v. rogers, 200 s. e.2d 676 (w. va.)]

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.