Do part (1)(a) of Problem 11-2B on page 576.

PR 11-2B Entries for payroll and payroll taxes The following information about the payroll for the week ended December 30 fro Co.: 0812 was m the records of Saine Deductions: Salaries: $232,260 71,100 17,775 35,500 53,325 $409,960 625,000Income tax withheld Sales salaries Warehouse salaries Office salaries 240,000Social security tax withheld 320,000Medicare tax withheld $1,185,000Retirement savings Group insurance Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6% Instructions 1. Assuming that the payroll for the last week of the year is to be paid on December il journalize the following entries: a. December 30, to record the payroll. b. December 30, to record the employer's payroll taxes on the payroll to be paid December 31. Of the total payroll for the last week of the year, $30,000 is subjet to unemployment compensation taxes. 2. Assuming that the payroll for the last week of the year is to be paid on January 4 the following fiscal year, journalize the following entries: a. December 30, to record the payroll. b. January 4, to record the employer's payroll taxes on the payroll to be pad subjedt t January 4. Because it is a new fiscal year, all $1,185,000 in salaries is unemployment compensation taxes