1. Helen Company paid salaries and waged of the month of April, $12,000. Applicable federal income tax rate is 18%, state income tax rate is 6%, FICA tax rate is 7.65%, Federal unemployment taxes 0.80%; state unemployment taxes 5.40%. Provide composite journal entry to record the payroll.

4 B TI 15 F w X Y Nous Roceivabla Payroll Tex expenso Premium on Bonds Payable Rent Expense Retained Earnings Salaries & Wages Expense Salos Revenue Sales Discount 18 2 H I J AA BB K Accounts Payable Accounts Receivabla Bonds l'ayable Capital Lease Payable Cash Cost of Goods Sold Discount on Bonds Payable Equipment Federal Income Tax Withheld Payable Federal Unemployment Taxes Payable FICA Taxes Payable Gain on Disposal of Mexico branch Income Tax Payable Interest Expense EE Sales Tax Payable L FF 4 M GG N HH o II P JJ State Income Tax Withheld Payable State Unemployment Taxes Payable Supplies Utilities Expense Unrealized holding Loss on Investment (Ava for sale) Investments in Marketable Securities (Ava for sale) Accumulated Other Comprehensive Income Income Summary Common Stock Q Interest Revenue KK R Losses due to hurricane LL S T Merchandise Inventory Notes Payable MM NN