Salaries: Deductions: Sales salaries $335,000 Income tax withheld $116,800 Warehouse salaries 186,000 U.S. savings bonds...

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Salaries: Deductions: Sales salaries $335,000 Income tax withheld $116,800 Warehouse salaries 186,000 U.S. savings bonds 14,630 Office salaries 144,000 Group insurance 11,970 $665,000 Tax rates assumed: Social security 6% State unemployment (employer only) 5.4% Medicare 1.5% Federal unemployment (employer only) 0.8% ructions Required: 1. Assuming that the payroll for the last week of the year is to be paid on December 31. journalize the following entries (refer to the Chart of Accounts for exact wording of account titles): a December 30, to record the payroll b. December 30, to record the employer's payroll taxes on the payroll to be paid on December 31 of the total payroll for the last week of the year, 538,000 is subject to unemployment compensation taxes 2. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, jumate the following entries (refer to the Chart of Accounts for exact wording of account titles) a On page 11 of the journal December 30, to record the payroll b. On page 12 of the journal January 5, to record the employer's payroll taxes on the payroll to be paid on January 5 Since it is a new baca year, all 5665,000 in salaries is subject to unemployment compensation taxes, Scroll down to access additional pages of the journal 1. Assuming that the payroll for the last week of the year is to be paid on December 31 journalize the following entries (refer to the Chart or Accounts for exact wording of account titles) a December 30, to record the payroll b. December 30, to record the employer's payroll taxes on the payroll to be paid on December 31 or the total payroll for the last week of the year , $38,000 is subject to unemployment compensation taxes. TINGUT Structions Joumal DATE DESCRIPTION POST. RER DERIT CREDIT LIITIES FOUTY 1 2 7

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