Question 2 Not yet answered Marked out of 5.00 P Flag question Recording Payroll and Payroll Taxes The following data are taken from Fremont Wholesale Company's May payroll: Administrative salaries $37,400 Sales salaries 51,700 Custodial salaries 7,700 Total payroll $96,800 Salaries subject to 1.45 percent Medicare tax 596,800 Salaries subject to 6.2 percent Social Security tax 81,400 Salaries subject to federal unemployment taxes 15,400 Salaries subject to state unemployment taxes 22,000 Federal income taxes withheld from all salaries 19,580 Assume that the company is subject to a two percent state unemployment tax (due to a favorable experience rating) and a 0.6 percent federal unemployment tax. Required Record the following in general journal form on May 31: a. Accrual of the monthly payroll. b. Payment of the net payroll. C. Accrual of employer's payroll taxes. (Assume that the FICA matches the amount withheld.) d. Payment of these payroll-related liabilities. (Assume that all are settled at the same time.) Round your answers to the nearest dollar. Part A Part B Part C. Part D Debit Credit General Journal Date Description May 31 Administrative Salaries Expense Sales Salaries Expense Federal Income Tax Withholding Payable FICA Tax Payable To record May payroll. Round your ariswers to the nearest uulld. Part A Part B Part Part D General Journal Description Debit Credit Date May 31 To pay May net payroll Part A Part B Part Part D General Journal Description Debit Credit Date May 31 FICA Tax Payable Federal Unemployment Tax Payable To record employer's May payroll taxes. your answers the nearest dollar. Part A Part B Part Part D General Journal Date Description May 31 Federal Income Tax Withholding Payab Debit Credit / Federal Unemployment Tax Payable State Unemployment Tax Payable Cash To pay liabilities related to May payroll. Save Answers Finish atter