3000 Recording Payroll and Payroll Taxes The following data are taken from Madison Distribution Company's March payroll: Administrative salaries 534,000 Sales salaries 58,000 Custodial salaries Total payroll $100,000 Salaries subject to 145 percent Mediate tax $100,000 Salaries subject to 62 percent Social Securty tax 100.000 Salaries subject to federal unemployment taxes 4.000 Salaries subject to state unemployment Les 76,000 Federal income taxes withheld from all salaries Assume that the company is subject to a 5.2 percent state unemployment tax and an 0.6 percent federal unemployment tax Required Record the following in general journal form on March 31: a. Accrual of the monthly payroll b. Payment of the net payroll c. Accrual of the employer's payroll taxes. Assume that the FICA tax matches the amount withheld.) d. Payment of these payroll-related liabilities. (Assume that all are settled at the same time.) Round your answers to the nearest dollar. General Journal Description Mar 31 Administrative Salaries Expense s Sales Solares Espense Custodia Salaries Expense Federal income Tax withholding Payable PICA Tax Payabile Payroll Payable To record March pao 3,000 18,500 18.800 N 76.500 X Mar. Descripti Payroll Payable Cash To pay Manche per Date Mar 31 PayroTax Expense RICA Tax Payable Federal Unemployment Tax Payable Sa Unemployment Tax Payable To record employers March payroll taxes. Date Mar ! General Journal Description Federal income Tax withholding Payable FICA Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable To paylabilities related to March payroll