Entries for payroll and payroll taxes The following information about the weekly payroll was obtained from the records of Saine Co.: Salaries: Sales salaries $204,000 Warehouse salaries 112,000 Office salaries 104,000 $420,000 Deductions: Income tax withheld $73,920 U.S. savings bonds Group insurance 9,240 7,560 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.8% Required: If an amount box does not require an entry, leave it blank. 1a. Assuming that the payroll related to the first full week of the year and was paid on January 11, journalize the entry on January 11, to record the payroll. Date Jan. 11 Account Debit Credit 1b. Assuming that the payroll related to the first full week of the year and was paid on January 11, journalize the entry on January 11, to record the employer's payroll taxes on the payroll to be paid on January 11. Because it is a new fiscal year, all $420,000 in salaries is subject to unemployment compensation taxes. Date Jan. 11 Account Debit Credit 2a. Assuming that the payroll related to the last week of the year and was paid on December 31, journalize the entry on December 31, to record the payroll. Date Dec. 31 Account Debit Credit 2b. Assuming that the payroll related to the last week of the year and was paid on December 31, journalize the entry on December 31, to record the employer's payroll taxes on the payroll for the last week of the year. Of the total payroll for the last week of the year, $21,000 is subject to unemployment compensation taxes. Date Dec. 31 Account Debit Credit