The following wages for the month of January for 8 employees of ABC Co.were as follows:

Gross Wages $50,000, Federal Withholding $6,000, State Withholding $1,000, FICA withholding $3,825, Medical Insurance $1,300 and $2,500 401K Withholding.

The Federal and State unemployment amounts were $1,200 and $500 respectively.

INSRUCTIONS: Make the payroll journal entries for January based on the above data. This means recording the gross payroll and making the companys payroll tax entry. (2 journal entries)