Recording Payroll and Payroll Taxes The following data are taken from Stockton Wholesale Company's May payroll: Administrative salaries $50,000 Sales salaries 51,000 Custodial salaries 7,000 Total payroll $108,000 Salaries subject to 1.45 percent Medicare tax $108,000 Salaries subject to 6.2 percent Social Security tax 85,000 Salaries subject to federal unemployment taxes 14,000 Salaries subject to state unemployment taxes 21,000 Federal income taxes withheld from all salaries 17,800 Assume that the company is subject to two percent state unemployment tax (dut 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 Credit $ 0 0 General Journal Date Description May 31 Administrative Salaries Expense Sales Salaries Expense Custodial Salaries Expense Federal Income Tax Withholding Payable FICA Tax Payable FICA Tax Payable To record May payroll Debit 50,000 $ 51,000 7,000 0 5,270 x 0 0 17,800 1,566 x Part A Part B Part Part D General Journal Date Description May 31 Sales Salaries Expense State Unemployment Tax Payable To pay May net payroll. . X Debit 8 x 83,364 x Credit 83,364 x 8 X X Check Part A Part B Part C Part D General Journal Date Description May 31 Cash FICA Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable To record employer's May payroll taxes. Debit 8 x 7,340 X 84 X 420 x Credit 83,364 x 8 X 8 X 8 X Part A Part B Part partup Credit 0 0 General Journal Date Description May 31 Federal Income Tax Withholding Payable FICA Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Cash To pay liabilities related to May payroll. Debit 17,800 10,540 x 84 420 0 0 0 31,976