The following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co Salanes Sales salaries $330,000 Warehouse salanes 180,000 Office salaries 147,000 $657,000 Deductions Income tax withheld $116,600 Social secunty tax withheld 39,420 Medicare tax withheld 9,855 Retirement savings Group insurance 14,454 11,826 $192,155 Tax rates assumed: Social security Medicare 6% 1.5% 5.4% State unemployment (employer only) Federal unemployment (employer only) 0.6% Required: 1. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the following entries (refer to the Chart of Accounts for exact wording of account titles) A December 30, to record the payroll B December 30, 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, $31,000 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 (refer to the Chart of Accounts for exact wording of account titles) A. On page 11 of the joumal December 30, to record the payroll. B. On page 12 of the journal 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