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 $48,960 67,680 10,080 $126,720 $126,720 106.560 20,160 28,800 25,632 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 Date General Journal Description May 31 Administrative Salaries Expense Sales Salaries Expense Federal Income Tax Withholding Payable FICA Tax Payable To record May payroll. Previous Save Answers = Debit Credit $ $