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 596,000 57.000 38,00 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 income tax State income tax Employee savings plan $21,500 11,200 4,000 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 Saved JUURU ELETU U Record the entry for payment of payroll on December 31, Year 1. Note: Enter debits before credits. Date General Journal Debit Credit 12/31 Clear entry View general journal Record entry