Joumalize Payroll Tax The payroll register of Chen Engineering Co. indicates $918 of social security withheld and $229,50 of Medicare tax withheld on total salaries of $15,300 for the period. Earnings of $4,600 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round to two desmal places. Payroll Tax Expense Journalize Period Payroll The payroll register of Chen Engineering Co. indicates $1,860 of social security withheld and $465 of Medicare tax withheld on total salaries of $31,000 for the period. Federal withholding for the period totaled $5,580. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank. Estimated Warranty Liability Yummy Co. sold $470,000 of equipment during January under a two-year warranty. The cost to repair defects under the warranty is estimated at 6% of the sales price. On August 15, a customer required a $282 part replacement, plus $108 of labor under the warranty. Required: (a) Provide the journal entry for the estimated warranty expense on January 31 for January sales. Jan. 31 (b) Provide the journal entry for the August 15 warranty work. If an amount box does not require an entry, leave it blank Aug. 15 eBook Show Me How Calculator Print Item Quick Ratio Nabors Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Current Year Dec. 31, Previous Year Cash $1,650 $1,360 Temporary investments Accounts receivable 3,600 3,750 2,700 7,500 3,050 2,080 2,660 5,900 Inventory Accounts payable Required: a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place. Quick Ratio December 31, current year December 31, previous year b. Is the quick ratio improving or declining