... Q Principles of Accou. Financial Statement. 6 Pros and Cons of... A Notes payable- ook Calculator Instructions The following information 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 $117.200 14,520 Warehouse salaries 184,000 U.S. savings bonds Office salaries 146,000 Group insurance 5660,000 11,880 Tax rates assumed: Social security 6% State unemployment employer only) 54% Medicare 1.5% Federal unemployment employer only) 0.8% the refer to the Charter bumalize the following Required: Assuming that the payroll for the last week of the years to be paid on December Instructions Tax rates assumed: Social Security 6% State unemployment (employer only) 5.4% Medicare 1.5% Federal unemployment employer only) 0.8% Required: 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. Of the total payroll for the last week of the year $33.000 is subject to unemploymer compensation faxes Assuming that the payroll for the last week of the year is to be paid on January 5 of the folowing fiscal year, journalize the following entries (refer to the Chart of Accounts for exact wording of account titles) 2 a. On page 11 of the journal: December 30. to record the payroll on the salto be paid on January 3. Since it is a new fiscal bon pape 12 of the journal January 5. to record the employers payroll year 5660,000 in Selanes is subject to unemployment compensation taxes