Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co Salanes: Deductions: Income tax withheld $225,000 Sales salaries Warehouse salaries Office salones 124,000 U.S. savings bonds $81,664 10,208 8,352 115,000 Group insurance $464,000 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 la. Assuming that the payroll for the last week of the year is to be pard on December 31, journalize the entry on December 30 to record the payroll dia Required: If an amount box does not require an entry, leave it blank Ia. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the payroll Date Credit Account Sales Solares Expense Debit 225,000 Dec. 30 0 Warehouses taxpense 0 124,000 115,000 0 0 81,664 Office Sales I muloyees Income Table Socialettax Payable Medicare tax wybie 0 27,840 07 07 Hond Deductions Payable Group Insurance Payable Salaries Pavane 0 0 1b. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the employer's payroll taxes on the pa to be paid on December 31. of the total payroll for the last week of the year. $23,000 is subject to unemployment compensation takes 1b. Assuming that the payroll for the last week of the years to be paid on December 31, Journalue the entry on December 30 to record the employer's payroll taxes on the payrol to be paid on December at of the total payroll for the last week of the yout $23,000 as subject to unemployment compensation awes. Date Account Debit Credit Dec 30 Pavol Tom en 27,840 Social Security Pava Medicare a Pablo D statinenclowment Tax Pa 0 0 Ya Assuming that the payroll for the last week of the years to be paid on January of the following fiscal year, journale the entry on December 30 to record they Debit Credit Date 0 Dec 30 Account Sales Solanes boende Warchalan Olie Satanes pense 0 X 0 OX 0 07 OX 0 - Social Security for Dayable Mediamax Payable 0 X DAR eBook a. Assuming that the payroll for the last week of the years to be paid on January 5 of the following fiscal year, journalize the entry on December 30 to record the payroll Date Debit Credit Account Sales Salones Expense Dec. 30 O OX 0 Warehouse Salones Expense OX 0 Office Salanes Expense 0 X 0 01x Employees Income Tax Payable Social Security Tax Payable 07 0 X Medicare Tax Payable 0 0 X 0 0 X Bond Deductions Payable 0 Group Insurance Payable 8,352 0 X O Salaries Payable 2b. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the entry to record the employer's pyrollars on the payroll to be paid on January 5. Because it is a new fiscal year, all $464,000 in salaries is subject to unemployment compensation taxes Debit Credit 464,000 x o Date Account Lan 5 Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable o OX 0 0 Previous ONCOV 3,352 Salones Payable 0 X 2b. Assuming that the payroll for the last week of the years to be paid on January 5 of the following fiscal year, oumalize the entry to record the employee's payroll taxes on the payroll to be paid on January 5. Because it is a new scal year all $464,000 in salaries is subject to unemployment compensation taxes Date Account Jan 5 Payroll Tax Expense SocSenty Tax Payable Debit 464,000 x Credit 0 0 0 X Medicare Tax Payable o OX 0 464,000 X State Unemployment lax Pavate Tederalnemployment Lex Payable 0 0 x Teck