If this were the first payroll period of the year, what journal entry would be made to record the employer's payroll taxes on this hypothetical payroll? (Round answers to 2 decimal places, es, 1525. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Tities and Explanation Debit Credit Federal Unemployment Taxes Payable 6,84 State Unemployment Taxes Payable 6156 8721 (To record employer's payroll taxes on the payrolish What journal entry would be made to record the employer's payroll taxes on this hypothetical payroll? (Round answers to 2 decimal places, s. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually Account Titles and Explanation Debit Credit Payroll Tax Expense 87.21 FICA Taxes Payable 87.21 Cookie Creations Payroll Register For the week ending Taxable Earnings Earnings Wages Hours Expense Regular Gross Pay Cumulative Earnings Overtime Unemployment Social Security Medicare 40 480 0 480 8,736 0 480 480 40 480 180 660 9,604 660 660 $960 $180 $1,140 $18.340 $0 $1140 $1,140 Caxable Earnings Deductions Social Security Federal Income Tax State Income Tax Salaries and Wages Expense Medicare United Fund FICA Total Net Pay 480 480 36.72 24.00 19 20 8 87.92 392.08 480 660 660 50.49 34:00 26.40 10 120.89 539.11 660 51.140 $1.140 $87.21 $58.00 $45.60 $18 $208.81 $931 19 $1,140