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8) Deacon Co provides the following info related to payroll transactions for the month of May. Prepare journal entries to record the transactions for May.

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8) Deacon Co provides the following info related to payroll transactions for the month of May. Prepare journal entries to record the transactions for May. FIT $5,600 Office Salaries Sales Salaries Medicare Taxes $928 SS Taxes $38,000 $26,000 $3,968 Record the May payroll using the payroll register information glven above. b. a. Record the employer's payroll taxes resulting from the May payroll. SUTA tax rate is 3.5% of the first $7,000 paid each employee. The FUTA rate is 0.6%. c. Issued a check to Reliant Bank in payment of the May FICA and employee taxes d. Issued a check to the state for the payment of the SUTA taxes for the month of May. e. Issued a check in payment of the FUTA taxes for Q1 in the amount of $1,020. Debit Credit Date Account Title a. b. C. d. e

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