Exercise 10.6 (Algo) Recording payroll transactions in the general journal. LO 10-7

Private Publishing has two office employees. A summary of their earnings and the related taxes withheld from their pay for the week ending June 7, 20X1, follows.

	Ann Chen				David Kendrick
Gross earnings	$	1,390.00				$	1,260.00
Social security deduction		(86.18	)				(78.12	)
Medicare deduction		(20.16	)				(18.27	)
Income tax withholding		(372.12	)				(226.92	)
Net pay for week	$	911.54				$	936.69

1&2. Prepare the general journal entries to record the companys payroll and to summarize the checks to pay the weekly payroll. (Round your answers to 2 decimal places.)