Problem 11-05A (Video) For the year ended December 31, 2020, Bonita Electrical Repair Company reports the following summary payroll data Gross earnings $187,000 381,000 $568,000 Administrative salaries Electricians' wages Total Deductions: FICA taxes Federal income taxes withheld State income taxes withheld (3%) United Fund contributions payable Health insurance premiums $38,244 163,500 17,040 28,400 16,000 $263,184 Total Bonita's payroll taxes are Social Security tax 6.2%, Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record), and 0.8% federal unemployment Gross earnings subject to Social Security taxes of 6.2% total $484,000, and gross earnings subject to unemployment taxes total $118,000. No employee exceeds the $127,200 limit related to FICA taxes. (a) Prepare a summary journal entry at December 31 for the full year's payroll (b) Journalize the adjusting entry at December 31 to record the employer's payroll taxes (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Round answers to O decimal places, e.g. 125. Credit account titles are automatically indented when No. Account Titles and Explanation Debit Credit (c) The W-2 Wage and Tax Statement requires the following dollar data. Complete the required data for the following employees. (Round answers to O decimal places, e.g. 5,275.) Employee Wages, Tips, Other Compensation Federal Income Tax Withheld State Income Tax Withheld FICA Tax Withheld FICA Wages $60,000 $29,400 Maria Sandoval Jennifer Mingenback 30,000 11,700 Click if you would like to Show Work for this question: Open Show Work