REQUIREMENT: Review the below transaction and record the journal entries. You will use the accounts listed in the Chart of Accounts box.

Chart of Accounts (Payroll):

Cash

FICA Employee

FICA Employer

FITW Payable

FUTA Payable

SUI Payable

Union Dues Payable

Health Insurance/Employee Contribution

Salary Expense

Payroll Tax Expense

Health Insurance Expense

On December 30, Drake Corporation pays wages of $15,000, from which it withholds $1,148 FICA and $1,340 FITW. FUTA tax is $120 and SUI, $440. Prepare the following journal entries:

1. Record JE for payment of employee salaries, including deductions

2. Drakes payroll tax expense. Record Journal Entry

3. Drake remits its payroll taxes. Record Journal Entry

Part A entry:

Part B entry: