For the year ended December 31, 2017, Denkinger Electrical Repair Company reports the following summary payroll data.

Problem 11-5A For the year ended December 31, 2017, Denkinger Electrical Repair Company reports the following summary payroll data. 376,500 $39,186 165,000 Gross earnings: Administrative salaries Electricians' wages Total Deductions: FICA taxes Federal income taxes withheld State income taxes withheld (3%) United Fund contributions payable Health insurance premiums Total $203,000 $579,500 17,385 27,958 18,500 $268,029 Denkinger Company's payroll taxes are Social Security tax 6.2%, Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record), and 0.8% federal unemployment. Gross earnings subject to Social Security taxes of 6.2% total $496,500, and gross earnings subject to unemployment taxes total $144,000. (a) Prepare a summary journal entry at December 31 for the full year's payroll. (b) Journalize the adjusting entry at December 31 to record the employer's payroll taxes.