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Midwest Shipping pays employees at the end of each month. Payroll information is listed below for January, the first month of the fiscal year. Assume that none of the employees exceeds the Federal unemployment tax maximum salary of $8.000 in January Salaries Federal and state income taxes withheld Federal unemployment tax rate State unemployment tax rate (after FUTA deduction) Social Security (FICA) tax rate $988, 130,000 8.8% 5.42% 7.65% Record salaries expense and payroll tax expense for the January pay period. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record the employer payroll taxes. Note: Enter debits before credits Date General Journal Debit Credit Jan 31 Record entry Clear entry View general journal On April 1, 2021, the Electronic Superstore borrows $24 million of which $6 million is due in 2022. Show how the company would report the $24 million debt on its December 31, 2021 balance sheet (Enter your answers in dollars not in millions. For example, $7,000,000 rather than $7 million.) ELECTRONIC SUPER STORE Partial Balance Sheet December 31, 2021 Current liabilities: Long-term liabilities: Total liabilities s

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