Recording Payroll and Payroll Taxes The following data are taken from Fremont Wholesale Company's May payroll: $37,400 Administrative salaries Sales salaries 51,700 7,700 Custodial salaries $96,800 Total payroll Salaries subject to 1.45 percent Medicare tax $96,800 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. al of employer's payroll taxes. ct. d. Payment of these payrol related liabilities. (Assume that all are settled at the same time.) Round your answers to the nearest dollar. General Journal Debit Credit Date Description May 31 Administrative Salaries Expense Sales Salaries Expense Federal Income Tax Withholding Payable