For the year ended December 31, 2020, Bonita Electrical Repair Company reports the following summary payroll data. $187.000 381,000 $568,000 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 $38,244 163,500 17,040 28,400 16,000 $263,184 Bonita'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 $484,000, and gross earnings subject to unemployment taxes total $118,000. No employee exceeds the $127,200 limit related to FICA taxes. (a) (b) Prepare a summary journal entry at December 31 for the full year's payroll. Journalize the adjusting entry at December 31 to record the employer's payroll taxes. (Round answers to decimal places, eg 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (b) (c) The W-2 Wage and Tax Statement requires the following dollar data. Complete the required data for the following employees. (Round answers to decimal places, eg 5,275.) Wages, Tips, Other Compensation Federal Income Tax Withheld State Income Tax Withheld FICA Wages FICA Tax Withheld $60,000 $29,400 $ $ $ 30,000 11,700