K 3. Trenton Sanders works for Richardson Company all year and earns a monthly salary of $4,400. There is no overtime pay. Based on Trenton's W-4, Richardson withholds income taxes at 20% of his gross pay. As of July 31, Trenton had $30,800 of cumulative earnings. (Click the icon to view payroll tax rate information.) Journalize the accrual of salary exper for Richardson Company related to the employment of Trenton Sanders for the month of August. (Record debits first, then credits. Round all amounts to the nearest cent. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation More info Debit For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Print Credit Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Done - X 2 Week

3. Trenton Sanders werks for Richardson Compamy all yoar and eares a monthy salary of S4,400. There is no overtme poy Based en Trenton's W-4, Rechardson wahholds inceme izies at 20% of his gress pay As of July 31, Trention had $30,800 of cumulative eamings (1) ccick the icon to view paryrol tax rate indormation) Joumalize the aocrual of salary expense for Rcchardson Company related to the employment of Trenton Sanders for the month of August. Record debis first, then credits. Found al amounts to the nearest oent. Select the explanation on the last ine of the foumal entry tablic)