Required information [The following information applies to the questions displayed below.] The following summary data for the payroll period ended December 27, 2021, are available for Cayman Coating Company: Additional information: - For employees, FICA tax rates for 2021 were 7.65% on the first $142,800 of each employee's annual earnings. However, no employees had accumulated earnings for the year in excess of the $142,800 limit. - For employers, FICA tax rates for 2021 were also 7.65% on the first $142,800 of each employee's annual earnings. - The federal and state unemployment compensation tax rates are 0.6% and 5.4%, respectively. These rates are levied against the employer for the first $7,000 of each employee's annual earnings. Only $14,000 of the gross pay amount for the December 27,2021 , pay period was owed to employees who were still under the annual limit. a-2. Assuming that Cayman Coating Company's payroll for the last week of the year is to be paid on January 3, 2022, record the journal entry to show the effects of the December 27, 2021, entries for Accrued payroll. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet