Electronics Service Co. pays salaries 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 $96,000 57.ee 38,000 Assume the Social Security tax rate is 6 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 $11,500 and is included in the $96,000. 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: Federal Incore tax State income tax thployee savings plan 321,560 11,200 4,000 Required .. 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 Journal entry worksheet Record the entry for payment of payroll on December 31. Year 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 Journal entry worksheet 1 Record the entry for payroll tax expense for Electronics Service Co. for December Year 1. Date 12/31 General Journal Debit Credit Hende View all