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The following summary data for the payroll period ended December 27, 2018, are available for Cayman Coating Co.: Gross pay $ 90,000 FICA tax withholdings ? Income tax withholdings 14,610 Group hospitalization insurance 1,370 Employee contributions to pension plan ? Total deductions 28,472 Net pay ? Additional information: For employees, FICA tax rates for 2018 were 7.65% on the first $118,500 of each employees annual earnings. However, no employees had accumulated earnings for the year in excess of the $118,500 limit. For employers, FICA tax rates for 2018 were also 7.65% on the first $118,500 of each employees annual earnings. The federal and state unemployment compensation tax rates are 0.6% and 5.4%, respectively. These rates are levied against the employer for the first $7,000 of each employees annual earnings. Only $15,200 of the gross pay amount for the December 27, 2018, pay period was owed to employees who were still under the annual limit.

a-2. Assuming that Cayman Coating Co.'s payroll for the last week of the year is to be paid on January 3, 2019, record the journal entry to show the effects of the December 27, 2018, entries for Accrued payroll. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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