Problem8: Chapter 13 - Payroll Entries

The payroll of Frosty, Inc for January 2019 is as follows. Total payroll was $1,290,000, of which $0 was exempt from Social Security tax because it represented amounts paid in excess of taxable amount for certain employees. The amount paid to employees in excess of $7,000 was $0. Income taxes in the amount of $200,000 were withheld, as was $7,700 in union dues and $10,400 in wage garnishments. The state unemployment tax is 0.7%. Federal unemployment tax, after state discount, is 1.1%. Prepare the necessary journal entry(ies) to record payroll for January 2019.