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

Gross earnings:
Administrative salaries		$192,500
Electricians’ wages		355,000
Total		$547,500
Deductions:
FICA taxes		$36,676
Federal income taxes withheld		174,500
State income taxes withheld (3%)		16,425
United Fund contributions payable		26,414
Health insurance premiums		20,000
Total		$274,015

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 $463,500, and gross earnings subject to unemployment taxes total $140,000.

(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.

(Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

  The W-2 Wage and Tax Statement requires the following dollar data.

Complete the required data for the following employees. (Round answers to 0 decimal places, e.g. 5,275.)

 

No. Account Titles and Explanation (a) (b) Debit Credit Employee Maria Sandoval Jennifer Mingenback Wages, Tips, Other Compensation Federal Income Tax Withheld State Income Tax Withheld FICA Wages FICA Tax Withheld $29,890 $61,000 25,000 9,750