Journalize each of the payroll transactions listed below. Post all entries except the last two to the appropriate general ledger accounts. The journal page and the ledger accounts are supplied below. The balances listed in the general ledger accounts for Cash, FUTA Taxes Payable, SUTA Taxes Payable, Employees SIT Payable, Wages and Salaries, and Payroll Taxes are the results of all payroll transactions for the first quarter, not including the last pay of the quarter. The balances in FICA Taxes Payable-OASDI, FICA Taxes Payable-HI, and Employees FIT Payable are the amounts due from the March 15 payroll. March 31, 20--: Paid total wages of $9,350.00. These are the wages for the last semimonthly pay of March. All of this amount is taxable under FICA (OASDI and HI). In addition, withhold $1,175 for federal income taxes and $102.03 for state income taxes. These are the only deductions made from the employees' wages. March 31, 20--: Record the employer's payroll taxes for the last pay in March. All of the earnings are taxable under FICA (OASDI and HI), FUTA (0.6%), and SUTA (2.8%). April 15, 20--: Made a deposit to remove the liability for the FICA taxes and the employees' federal income taxes withheld on the two March payrolls. May 2, 20--: Made the deposit to remove the liability for FUTA taxes for the first quarter of 20--, May 2, 20--: Filed the state unemployment contributions return for the first quarter of 20-- and paid the total amount owed for the quarter to the state unemployment compensation fund. May 2, 20--: Filed the state income tax return for the first quarter of 20-- and paid the total amount owed for the quarter to the state income tax bureau. December 31, 20--: In July 20--, the company changed from a semimonthly pay system to a weekly pay system. The employees were paid every Friday through the rest of 20-- Record the adjusting entry for wages accrued at the end of December ($770) but not paid until the first Friday in January. Do not post this entry. December 31, 20--: The company has determined that employees have earned $19,300 in unused vacation time. Record the adjusting entry to put this expense on the books. Do not post this entry. If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. Page: 18 DOC. POST. DATE DESCRIPTION DEBIT CREDIT NO. REF. 1 Mar. 31, 20-- Wages and Salaries 51 9,350.00 1 2. FICA Taxes Payable-OASDI 20 579.70 2 3 FICA Taxes Payable-HI 21 135.58 3 4 Employees FIT Payable 25 1,175 4 5 Employees SIT Payable 26 102.03 5 6 Cash 11 7,357.69 6 7 7 8 Mar. 31, 20-- Payroll Taxes 52 1,051.88 X 12 13 13 14 Apr. 15, 20-- FICA Taxes Payable-OASDI 20 2,287.80 14 15 FICA Taxes Payable-HI 21 535.06 15 16 Employees FIT Payable 25 2,305 16 17 Cash 11 5,127.86 17 18 18 19 May 2, 20-- FUTA Taxes Payable 22 522.95 > 19 20 Cash 11 522.95 X 20 21 21 22 May 2, 20-- SUTA Taxes Payable 23 1,480.34 22 23 Cash 11 1,480.34 23 24 24 25 May 2, 20-- Employees SIT Payable 26 580.74 25 26 Cash 11 580.74 26 27 27 28 Dec. 31, 20-- Wages and Salaries 770 28 29 Wages and Salaries Payable 770 29 30 30 31 Dec. 31, 20-- Vacation Benefits Expense 19,300 31 32 Vacation Benefits Payable 19,300 32 33 33 If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. GENERAL LEDGER Account Cash Account No. 11 POST. BALANCE DATE ITEM DEBIT CREDIT REF. DEBIT CREDIT Mar. 31, 20-- Balance 41,984.19 Mar. 31, 20- J18 7,357.69 34,626.50 Apr. 15, 20-- J18 5,127.86 29,498.64 May 2, 20- J18 522.95 28,975.69 X May 2, 20- J18 1,480.34 27,495.35 May 2, 20- J18 580.74 26,914.61 If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. GENERAL LEDGER Account FUTA TAXES PAYABLE Account No. 22 POST. BALANCE DATE ITEM DEBIT CREDIT REF. DEBIT CREDIT Mar. 15, 20-- Balance 261.12 Mar. 31, 20-- J18 74.80 X 448.15 X May 2, 20-- J18 522.95 522.95 If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. GENERAL LEDGER Account PAYROLL TAXES Account No. 52 POST. BALANCE DATE ITEM DEBIT CREDIT REF. DEBIT CREDIT Mar. 15, 20-- Balance 4,808.88 Mar. 31, 20-- J18 1,051.88 5,947.79 X