For the year ended December 31, 2020, Denkinger Electrical Repair Company reports the following summary payroll data.

Gross earnings:Administrative salaries $200,000Electricians' wages370,000Total$570,000Deductions:FICA taxes$38,645Federal income taxes withheld174,400State income taxes withheld (3%)17,100United Fund contributions payable27,500Health insurance premiums17,200Total$274,845

Denkinger'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 $490,000, and gross earnings subject to unemployment taxes total $135,000. No employee exceeds the $127,200 limit related to FICA taxes.

(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.

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.

Employee

Wages, Tips, Other Compensation

Federal Income Tax Withheld

State Income Tax Withheld

FICA Wages

FICA Tax Withheld

Maria Sandoval

$59,000$28,500$

$

$

Jennifer Mingenback

26,00010,200