3. Trenton Hughes works for Ford Company all year and earns a monthly salary of $3,800. There is no overtime pay. Based on Trenton's W-4, Ford withholds income taxes at 20% of his gross pay. As of July 31 , Trenton had $28,000 of cumulative earnings. (Click the icon to view payroll tax rate information.) Journalize the accrual of salary expense for Ford Company related to the employment of Trenton Hughes for the mon of August. (Record debits first, then credits. Round all amounts to the nearest cent. Select the explanation on the last line of the joumal entry table.) More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $117,000 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $117,000 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. 3. Trenton Hughes works for Ford Company all year and earns a monthly salary of $3,800. There is no overtime pay. Based on Trenton's W-4, Ford withholds income taxes at 20% of his gross pay. As of July 31 , Trenton had $28,000 of cumulative earnings. (Click the icon to view payroll tax rate information.) Journalize the accrual of salary expense for Ford Company related to the employment of Trenton Hughes for the mon of August. (Record debits first, then credits. Round all amounts to the nearest cent. Select the explanation on the last line of the joumal entry table.) More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $117,000 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $117,000 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned