The payroll records of Lynbrook Inc. provided the following data for the weekly pay period ended December 7: Employee Jesse Greene Andrea Thomas Ward Hill Earnings to End of Previous Week $ 54,000 40,500 45,000 Gross Pay $2,200 1,400 1,600 Federal Medical Income Insurance Union Taxes Deduction Dues $320 $125 $25 160 125 25 190 150 -0- 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 0.8% and 5.4%, respectively, on the first $7,000 paid to each employee. Required: Prepare the journal entries to (a) record Lynbrooks December 7 payroll expenses and liabilities and (b) record payroll taxes expense related to the December 7 payroll transaction. Part II (4 points) Lynbrook, Inc. purchased inventory with an invoice price of $40,000 from Scan House, LLC. on October 18, 2021 with payment terms of 3/10, n/45. Lynbrook attempts to take advantage of all discounts, so its policy is to record purchases of inventory using the Net Method. The company also uses perpetual inventory. On October 25, 2021, Lynbrook paid $30,000 of the original $40,000 invoice, leaving a balance of $10,000. On November 20, 2021, Lynbrook paid the balance of the invoice. Required: Prepare the journal entries that Lynbrook would make on the following dates: October 18, 2021 October 25, 2021 November 20, 2021