The following information about payroll for the week ended December $31$ was obtained from the records of Pelican Co$.$:

Salaries: Deductions:

Sales salaries $$450,000$ Federal income tax withheld $$121,400$

Warehouse salaries $210,000$ Social security tax withheld $48,900$

Office salaries $150,000$ Medicare tax withheld $12,200$

$$810,000$ Retirement savings $18,840$

Group insurance $14,120$

$$215,460$

Tax rates assumed:

Social security, $6\%$

Medicare, $1\mathrm{.}5\%$

State unemployment $($employer only$),5\mathrm{.}4\%$

Federal unemployment $($employer only$),0\mathrm{.}6\%$

Instructions:

$1.$ Assuming that the payroll for the last week of thee year is to be paid on December $31,$ journalize the following entries:

a$.$ December $31,$ to record the payroll.

b$.$ December $31,$ to record the employer$$s payroll taxes on the payroll to be paid on December $31$ Of the total payroll for the last week of the year, $$20,000$ is subject to unemployment compensation taxes.

$2.$ Assuming that the payroll for the last week of the year is to be paid on January $5$ of the following fiscal year, journalize the following entries:

a$.$ December $31,$ to record the payroll.

b$.$ January $5,$ to record the employer$$s payroll taxes on the payroll to be paid on January $5.$ Because it is a new fiscal year, all salaries are subject to unemployment compensation taxes.