Help Save & Edit Submit Check my werk 1 Electronics Service Co pays salaries monthly on the last day of the month. The following information is available from Electronics for the month ended December 31, Yeart onts Administrative salaries Sales salaries Office salaries $77,000 62.000 42.ee Assume the Social Security tax rate is 60 percent on the first $110,000 of salaries and the Medicare tax rate is 15 percent on all selares. Duke reached the $110.000 amount in September. His salary in December amounted to $14,000 and is included in the $77,000. No one else will reach the $110,000 amount for the year. None of the employee salaries are subject to unemployment tax in December Other amounts withheld from salaries in December were as follows: Federal income tax State income Eroloyee savings plan $18,000 7,100 2,400 Required a. Prepare the journal entry to record the payment of payroll on December 31, Yeart if no entry is required for a transaction event select "No journal entry required in the first account field.) Help Save & Edit Submit Check my werk 1 Electronics Service Co pays salaries monthly on the last day of the month. The following information is available from Electronics for the month ended December 31, Yeart onts Administrative salaries Sales salaries Office salaries $77,000 62.000 42.ee Assume the Social Security tax rate is 60 percent on the first $110,000 of salaries and the Medicare tax rate is 15 percent on all selares. Duke reached the $110.000 amount in September. His salary in December amounted to $14,000 and is included in the $77,000. No one else will reach the $110,000 amount for the year. None of the employee salaries are subject to unemployment tax in December Other amounts withheld from salaries in December were as follows: Federal income tax State income Eroloyee savings plan $18,000 7,100 2,400 Required a. Prepare the journal entry to record the payment of payroll on December 31, Yeart if no entry is required for a transaction event select "No journal entry required in the first account field.)