Electronics Service Co pays salanes monthly on the last day of the month The following information is available from Electronics for the month ended December 31, Year 1 Administrative salaries Sales salaries office salaries 574,000 53,000 49,000 pped Boor Assume the Social Security tax rate is 60 percent on the first $110.000 of salaries and the Medicare tax rate is 15 percent on all salaries. Duke reached the $110.000 amount in September . His salary in December amounted to $11,000 and is included in the $74,000 No one else will reach the $110,000 amount for the year None of the employee salaries are subject to unemployment tax in December Other amounts withheld from salaries in December were as follows Print ferences Federal Income tax State income tax Employee savings plan $22,000 5,200 2,700 Required o. Prepare the journal entry to record the payment of payroll on December 31 Year 1. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list ed Journal entry worksheet Record the entry for payment of payroll on December 31, Year 1. nces Hotel Inter debts before credits General Journal Date 12/31 Debit Credit Record entry Clear entry View general Journal 10 points Spoed b. Prepare the journal entry to record the payroll tax expense for Electronics Service Co for December Year 1 (if no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transaction list Book Journal entry worksheet Pro