Instruction The payroll summary for December 31 for Waters Co revealed total earnings of $80,000 All earnings are subject to social securily tax of 6.0% and Medicare tax of 15% Earnings subject to state and federal unemployment compensation tem are $3,000 at the federal rate of 0.8% and state rate of 5.4% Required: Journalize the entry to record the accrual of employer payrow foxes. Refer to the Chart of Accounts for exact wording of accounts