1. Create each of the joumal entries below for Yorktown, Inc. based on the information provided. Post the entries to the t-accounts. A. The firm processes the first payroll of 2011 on January 31, where total salaries of $100,000 for the month have been earned and: a FICA Social Security taxes of 6.2% and Medicare taxes of 1.45% are withheld from the employee's paycheck. No employee has earned more than the annual maximum. b. Federal income taxes of $10,000 are withheld from the employee's paycheck. c. Yorktown accrues the obligation for payroll taxes of 5.4% for SUTA and 0.8% for FUTA. No employee has eamed more than the maximum. B. Sales for the month of January are $250,000. Sales tax at a rate of 6% is collected on these sales but not yet paid. All sales are cash transactions. a. Create the entry on January 31, 2011 to recognize the sales and sales tax. b. Create the entry to remit the sales tax collected on February 10, 2011 C. Yorktown, Inc. sells a copying machine to a customer for $5,000 on February 15, 2011. a. Yorktown accrues the warranty expense that is estimated to be 10% of the sales price. b. On February 28, 2011 Yorktown replaces a part under warranty costing $200. Chart of Accounts Cash Parts Inventory Sales Tax Payable Salaries Payable Income Taxes Payable FICA Taxes Payable Payroll Taxes Payable (FUTA and SUTA) Warranty Payable Sales Salaries Expense Payroll Tax Expense (FUTA and SUTA) Warranty Expense