The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.: Salaries: Deductions: Sales salaries $330,000 Income tax withheld $117,200 Warehouse salaries 184,000 U.S. savings bonds 14,520 Office salaries 146,000 Group insurance 11,880 $660,000 Tax rates assumed: Social security 6% State unemployment (employer only) 5.4% Medicare 1.5% Federal unemployment (employer only) 0.8% 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 employers payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $33,000 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 journal: 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. Since it is a new fiscal year, all $660,000 in salaries is subject to unemployment compensation taxes.

Scroll down to access actional pages of the journal. 1. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the following anties (refer to the Chart of Accounts for exact wording of account dest: a. December 20, 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, $33.000 is subject to unemployment compensation taxes. Question not attempted. ME JOURNAL Score: 171 ACCOUNTING EQUATION DATE DESCRIPTION POSTE LIBUTES QUITY 1 2 3 Points: 0/30 Feedback Check My Work Gross pay represents total camings before taxes and other deductions. Net pay, also known as take home pay, represents how much the employees receive of gross camings, atter taxes and deductions. Employers are required to pay taxes on employee earnings 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 anties frefer to the Chart of Accounts for exact wording of accounts: a. On page 11 of the journal: December 30, to record the payroll b. On page 12 of the joumat January 5, to record the employer's payroll taxes on the payroll to be paid on January 6. Since it is a new fiscal year, all $560,000 in salanes is subject to unemployment compensation taxes. Question not attempted. JOURNAL Score: 0/109 ACCOUNTING EQUATION DATE CREDIT ASSETS LABUTES QUITY ! . . + . Points: 0/ 19 Question not attempted. PAGE 12 JOURNAL Score: 0/61 ACCOUNTING EQUATION DATE DESCRIPTION POSTER ASSETS LABUTES EQUITY 1