QS 11-5 Recording employee payroll taxes LO P2 On January 15, the end of the first pay period of the year, North Company's employees earned $26,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $4,000 of federal income taxes, $694 of medical insurance deductions, and $170 of union dues. No employee earned more than $7,000 in this first period. Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Jan 15 26,000 Salaries expense FICA-Social sec. taxes payable FICA-Medicare taxes payable Income taxes payable Employee medical insurance payable Employee union dues payable Salaries payable