Entries for payroll and payroll taxes

The following information about the weekly payroll was obtained from the records of Saine Co.:

Line Item Description	Amount
Salaries:
Sales salaries	$232,000
Warehouse salaries	128,000
Office salaries	118,000
Total	$478,000
Deductions:
Income tax withheld	$84,128
U.S. savings bonds	10,516
Group insurance	8,604

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.

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 $478,000 in salaries is subject to unemployment compensation taxes.

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.

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 employers payroll taxes on the payroll for the last week of the year. Of the total payroll for the last week of the year, $24,000 is subject to unemployment compensation taxes.