Instructions The payroll register of Ruggerio Co Indicates $14,040 of social security withheld and $3,510 of Medicare tax withheld on total salaries of 5234,000 for the period. Eamings of 531,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.60% and the state rate of 540% On December 31, provide the journal entry to record the payroll tax expense for the period. Refer to the Chart of Accounts for exact warding of account les Chart of Accounts CHART OF ACCOUNTS Ruggerio Co. General Ledger ASSETS REVENUE 410 Sales 610 Interest Revenue 110 Cash 111 Accounts Receivable 112 Interest Receivable 113 Notes Receivable 115 Merchandise Inventory 116 Supplies 118 Prepaid Insurance EXPENSES 510 Cost of Merchandise Sold 520 Sataries Expense 524 Depreciation Expense-Building 525 Delivery Expense Instructions Chart of Accounts TH 120 Land Ea 123 Building 124 Accumulated Depreciation-Building Or . 125 Office Equipment 126 Accumulated Depreciation Office Equipment 526 Repairs Expense 529 Selling Expenses *531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Supplies Expense 535 Payroll Tax Expense 536 Vacation Pay Expense 537 Pension Expense 538 Cash Short and Over 539 Product Warranty Expense LIABILITIES 210 Accounts Payable 213. Interest Payable 214 Notes Payable 215 Sataries Payable 216 Social Security Tax Payable 540 Miscellaneous Expense 710 Interest Expense Chart of Accounts 217 Medicare Tax Payable 218 Employees Federal Income Tax Payable 219 Employees State Income Tax Payable .221 Retirement Savings Deductions Payable 224 Federal Unemployment Tax Payable 225 State Unemployment Tax Payable 226 Vacation Pay Payable 227 Unfunded Pension Liability 228 Product Warranty Payable EQUITY 310 Owner: Capital ca Chart of Accounts 224 Federal Unemployment lax Payable 225 State Unemployment Tax Payable 226 Vacation Pay Payable 227 Unfunded Pension Liability 228 Product Warranty Payable EQUITY 310 Owner, Capital 311 Owner: Drawing 312 Income Summary Instructions Chart of Accounts Journal Journal In December 31, provide the journal entry to record the payroll tax expense for the period Refer to the Chart of Accounts for exact wording of accounts PAG JOURNAL ACCOUNTING EQUATION DESCRIPTION CREOT EO POSTRE DATE DET ASSETS LAGUTIES