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.: Salaries: Deductions: Sales salaries $309,000 Income tax withheld $112,112 170,000 14,014 Warehouse salaries Office salaries U.S. savings bonds Group Insurance 158,000 11,466 $637,000 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. 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 > 16. Assuming that the payroll for the last week of the years to be paid on December 31. jouse the entry on December 30 to record the employer's partes on the payroll to be paid on December 31 or the Intaloll for the last week of the year, 332,000 is set to unemployment compensation taxes Date Account Debit Credit Del 10 20. 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 on December to record the pero Date Dec. 30 Account Debit Credit 2b. Assuming that the payroll for the last week of the year is to be paid on aruary of the following fiscal year, jumate the entry to record the employer's payrolles on the past be paid on January Because it is focal year, all 637,000 in salaries is subject to unemployment compensations Account Debit Date Credit Jan. 5