Instructions Chart of Accounts Journal Instructions The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.: Salaries: Sales salaries Deductions: Office salaries $540,000 Income tax withheld $160,000 Warehouse salaries 155,000 U.S. savings bonds 10,500 85,000 Group insurance $780,000 Tax rates assumed: 9,000 Social security 6% State unemployment (employer only) 5.4% Medicare 1.5% Federal unemployment (employer only) 0.8% Required: 1. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the following entries (refer to the Chart of Accounts for exact wording of account titles): a. December 30, to record the payroll. b. December 30, to record the employer's payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $48,000 is subject to unemployment compensation taxes. eedback. E 11 JITY

The following inlormation about the payroll for the wook ended December 30 was obtained from the records of Boitz Co: Required: 1. Assuming that the payroll for the last woek of the year is to be paid on December 31, joumalte the following entries frefer to the Chart of Acoounts for exact warding of account iniles): a. December 30 , to record the payroll. yeat, \\( \\$ 48,000 \\) is subject to unemployment compensation taxes. 1. Assuming that the payroll for the last week of the year is to be paid on December 31, joumalize the following antries (reler to the Chart of Accounts for exact wording of account billes): a. December 30 , to record the payroll. b. December 30, to record the employer's payroll taxes on the payroll to be paid an December 31 . Or the total payroll for the last week af the year, \\( \\$ 48,000 \\) is subject to unemployment compensation taxes. 2. Assuming that the payroll for the last woek of the year is to be paid on January 5 of the following fiscal year, joumalize the following entiles (refer to the Chart of Accounts for exact wording of account nisies): a. On page 11 of the joumal: December 30 , to record the payroll. b. On page 12 of the journal: January 5, to record the employer's payroll taxes on the payroll to be paid on January 5 . Since it is a now fiscal year, all \\( \\$ 780,000 \\) in salaries is subject to unemployment compensation taxos