payroll for week ended dec 30

Tile Rowly about the payroll for the week ended December 30 was obtained from the records of Boltz Co. Salaries: Deductions: Sales salaries $330,000 Income tax withheld 5117,200 14,520 Warehouse salaries 184,000 U.S. savings bonds Office salaries 146,000 Group insurance $660,000 11,880 Tax rates assumed: Social security 6% State unemployment (employer only) 5.4% Medicare 1.5% Federal unemployment (employer only) 0.8% 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. or the fotal payroll for the last week of the year, $33,000 is subject to unemployment compensation taxes