PSa 6-2 Record a Monthly Federal Tax Payment Journal EntryWalking Boots Company is a monthly depositor whose December federaltaxes are displayed below. Record one journal entry to account forthe payment of federal taxes. All tax payments are made in a timelymanner on the payment due date (which, for this month, is notimpacted by a weekend or holiday). Chart of Accounts Notes: Enterthe transaction date on the first line only (if multipletransactions are required, enter the date on the first line of eachtransaction). Enter all debits within the transaction prior toentering any credits. Omit journal entry explanations. Use theChart of Accounts provided to obtain the proper account names whenrecording the journal entries. To earn any credit for a given linewithin the journal entry, the account name must be correct. Partialcredit will be given for a correct account name with an incorrectamount, while full credit will be given for a correct account namewith a correct amount. Do not include journal entry explanationwhen submitting your answer. December Tax Totals Federal Income Tax$604 Employee's Social Security Tax $575 Employee's Medicare Tax$178 Employer's Social Security Tax $575 Employer's Medicare Tax$178