1. A Florida companys first weekly pay period of the year ends on January 8. Sales employees earned $30,000 and office employees earned $20,000 in salaries. The employees are to have withheld from their salaries FICA Social security taxes at the rate of 6.2%. FICA Medical taxes at the rate of 1.45%, $9,000 of federal income taxes, $2,000 of medical insurance deductions, and $1,000 of pension contributions. No employee earned more than $7,000 in the first pay period.
   1. Prepare the journal entry to record the companys January 8^th employee payroll expenses and liabilities.
   2. Prepare the journal entry to record the employer payroll taxes assuming state unemployment tax rate of 5.4% on the first $7,000 paid to each employee and Federal unemployment tax rate of 0.6%

2. Prepare the following Journal entries:
   1. Estimated accrued vacation benefits for the year of $9,000 adjusting year end entry
   2. May 1^st employee one week vacation paid $450 cash