The following payroll information was taken from Campbell Corporations records on December 7th. Campbell Corporation pays their employees weekly. The FICA social security tax rate is 6.2% and the FICA Medicare tax rate is 1.45% on all of this week's wages paid to each employee. The federal and state unemployment tax rates are 0.6% and 5.4%, respectively, on the first \$7,000 paid to each employee. Prepare the journal entries to (a) accrue the payroll and (b) record payroll taxes expense. The following payroll information was taken from Campbell Corporations records on December 7th. Campbell Corporation pays their employees weekly. The FICA social security tax rate is 6.2% and the FICA Medicare tax rate is 1.45% on all of this week's wages paid to each employee. The federal and state unemployment tax rates are 0.6% and 5.4%, respectively, on the first \$7,000 paid to each employee. Prepare the journal entries to (a) accrue the payroll and (b) record payroll taxes expense