Problem: A company's payroll information for the month of May follows: Salaries expense FICA-Social Security taxes withheld FICA-Medicare taxes withheld Federal income taxes withheld Medical insurance premiums withheld Union dues withheld 9,500 589 138 1,300 The federal and state unemployment tax rates are 0.6% and 5.4%, respectively, on the first $7,000 paid to each employee. The portion of May wages and salaries subject to these taxes were $6,000. (1) Prepare the May 31 journal entry to record (accrue) the employer's payroll for May. (2) Prepare the June 2 journal entry to record payment of the May payroll. (3) Prepare the May 31 journal entry to record the employer's payroll taxes. 415 205