The payroll register of Seaside Architecture Company indicates $960 of social security and $260 of Medicare tax withheld on total salaries of $17,000 for the period. Federal withholding for the period totaled $3,245. Required: Prepare the journal entry for the period's payroll . Refer to the Chart of Accounts for exact wording of account titles, CHART OF ACCOUNTS Seaside Architecture Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Accounts Receivable 610 Interest Revenue 112 Interest Receivable 113 Notes Receivable EXPENSES 115 Inventory 510 Cost of Goods Sold 116 Supplies 520 Salaries Expense 118 Prepaid Insurance 525 Delivery Expense 120 Land 526 Repairs Expense 531 Rent Expense 123 Building 124 Accumulated Depreciation-Building 533 Insurance Expense 125 Office Equipment 534 Supplies Expense 126 Accumulated Depreciation Office 535 Cash Short and Over Equipment 536 Product Warranty Expense 541 Vacation Pay Expense 542 Pension Expense LIABILITIES 210 Accounts Payable 543 Payroll Tax Expense 213 Interest Payable 544 Federal Income Tax Expense 214 Notes Payable 545 State Income Tax Expense 221 Salaries Payable 222 Social Security Tax Payable 561 Depreciation Expense-Building 562 Depreciation Expense-Office Equipment 223 Medicare Tax Payable 224 Employees Federal Income Tax 570 Damage Awards and Fines Payable 590 Miscellaneous Expense 710 Interest Expense 225 Employee State Income Tax Payable 227 State Unemployment Tax Payable 228 State Disability Insurance LIABILITIES 542 Pension Expense 543 Payroll Tax Expense 544 Federal Income Tax Expense 545 State Income Tax Expense 210 Accounts Payable 213 Interest Payable 214 Notes Payable 221 Salaries Payable 222 Social Security Tax Payable 223 Medicare Tax Payable 561 Depreciation Expense-Building 562 Depreciation Expense-Office Equipment 570 Damage Awards and Fines 224 Employees Federal Income Tax Payable 590 Miscellaneous Expense 225 Employee State Income Tax Payable 710 Interest Expense 227 State Unemployment Tax Payable 228 State Disability Insurance 231 Medical Insurance Payable 232 Retirement Savings Deductions Payable 233 Union Dues Payable 234 Vacation Pay Payable 235 Unfunded Pension Liability 241 Product Warranty Payable 242 EPA Fines Payable 243 Litigation Claims Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Prepare the journal entry for the period's payroll on December 31. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 2 6 14 5