Brief Exercise $8-51$

Payroll Taxes

It's the Tooth Dental works to provide high quality pediatric dental services in a fun$-$loving environment for children. During December, It's the Tooth Dental employees earned $$90,000$ in wages. Social Security applied to $$86,000$ of these wages, while Medicare applies to all $$90,000$ at standard rates. Federal and state income taxes witheld were $$1,100$ and $$500,$ respectively.

Required:

Provide the necessary journal entries for It's the Tooth Dental to record this activity. If an amount box does not require an entry, leave it blank.

Social Security Taxes Payable $($Employee$)$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$($Record wages and liabilities$)$