For the year ended December 31, 2022, Coronado Electrical Repair Company reports the following summary payroll data. 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 (a) $190,000 378,000 $568,000 Pension Expense No. Account Titles and Explanation Salaries and Wages Expense $38,492 182,000 17,040 Coronado's payroll taxes are Social Security tax 6.2%, Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record), and 0.6% federal unemployment. Gross earnings subject to Social Security taxes of 6.2% total $488,000, and gross earnings subject to unemployment taxes total $140,000. No employee exceeds the $132,900 limit related to FICA taxes. 27,403 (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. 20,000 $284,935 (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit

For the year ended December 31,2022, Coronado Electrical Repair Company reports the following summary payroll data. Coronado's payroll taxes are Social Security tax 6.2%, Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record), and 0.6% federal unemployment. Gross earnings subject to Social Security taxes of 6.2% total $488,000, and gross earnings subfect to unemployment taxes total \$140,000. No employee exceeds the \$132,900 timit related to FiCA taxes. (a) Prepare a summary joyrnal 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 ploces, es 125. Credit account tities are automatically indented when amount is entered. Do not indent manually) Ie The W. Wher and Tar Statemens reguicet ife foliowine dollurdatx