1. Entries for Payroll and Payroll Taxes

   The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.:

   Salaries:				Deductions:
   	Sales salaries	$242,000			Federal income tax withheld	$87,648
   	Warehouse salaries	133,000			Social security tax withheld	29,880
   	Office salaries	123,000			Medicare tax withheld	7,470
   		$498,000			Retirement savings	10,956
   					Group insurance	8,964
   						$144,918

   Tax rates assumed:
   	Social security, 6%
   	Medicare, 1.5%
   	State unemployment (employer only), 5.4%
   	Federal unemployment (employer only), 0.6%

   Required:

   If an amount box does not require an entry, leave it blank.

   1a. 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	Account	Debit	Credit
   Dec. 30		fill in the blank 2	fill in the blank 3
   		fill in the blank 5	fill in the blank 6
   		fill in the blank 8	fill in the blank 9
   		fill in the blank 11	fill in the blank 12
   		fill in the blank 14	fill in the blank 15
   		fill in the blank 17	fill in the blank 18
   		fill in the blank 20	fill in the blank 21
   		fill in the blank 23	fill in the blank 24
   		fill in the blank 26	fill in the blank 27

   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 payroll to be paid on December 31. Of the total payroll for the last week of the year, $25,000 is subject to unemployment compensation taxes.

   Date	Account	Debit	Credit
   Dec. 30		fill in the blank 29	fill in the blank 30
   		fill in the blank 32	fill in the blank 33
   		fill in the blank 35	fill in the blank 36
   		fill in the blank 38	fill in the blank 39
   		fill in the blank 41	fill in the blank 42

   2a. Assuming that the payroll for the last week of the year is to be paid on January 4 of the following fiscal year, journalize the entry on December 30, to record the payroll.

   Date	Account	Debit	Credit
   Dec. 30		fill in the blank 44	fill in the blank 45
   		fill in the blank 47	fill in the blank 48
   		fill in the blank 50	fill in the blank 51
   		fill in the blank 53	fill in the blank 54
   		fill in the blank 56	fill in the blank 57
   		fill in the blank 59	fill in the blank 60
   		fill in the blank 62	fill in the blank 63
   		fill in the blank 65	fill in the blank 66
   		fill in the blank 68	fill in the blank 69

   2b. Assuming that the payroll for the last week of the year is to be paid on January 4 of the following fiscal year, journalize the entry to record the employer's payroll taxes on the payroll to be paid on January 4. Because it is a new fiscal year, all $498,000 in salaries is subject to unemployment compensation taxes.

   Date	Account	Debit	Credit
   Jan. 4		fill in the blank 71	fill in the blank 72
   		fill in the blank 74	fill in the blank 75
   		fill in the blank 77	fill in the blank 78
   		fill in the blank 80	fill in the blank 81
   		fill in the blank 83	fill in the blank 84