Recording Payroll and Payroll Taxes The following data are taken from Fremont Wholesale Company's May payroll: Administrative salaries Sales salaries Custodial salaries Total payroll Salaries subject to 1.45 percent Medicare tax Salaries subject to 6.2 percent Social Security tax Salaries subject to federal unemployment taxes Salaries subject to state unemployment taxes Federal income taxes withheld from all salaries 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 $34,000 47,000 7,000 $88,000 $88,000 74,000 14,000 20,000 17,800 Part C Part D

Recording Payroll and Payroll Taxes The following data are taken from Fremont Wholesale Cornpany/s May payroll: Assume that the company is subject to a two percens state unemployment tax (due to a favorable experience rating and o 0.6 percent federal unemployrnent tax Hequited Record the following in general journal form on May 31 : a. Accrual of the monthly payroli. b. Payment of the net parroil. c. Accrual of employers payroir taxes. (Assume that the fiCh matches the amount withicid) d. Payment of these payrol-related liabilices (Assume that all are settied at the same time) Round your answers to the nearest dollar