Total payroll of Walnut Co. was $1,820,000, of which $320,000 represented amounts paid in excess of $106,800 to certain employees. The amount paid to employees in excess of $7,000 was $1,360,000. Income taxes withheld were $475,000. The state unemployment tax is 1.2%, the federal unemployment tax is .8%, and the F.I.C.A. tax is 7.65% on an employee's salaries and wages to $106,800 and 1.45% in excess of $106,800.

Prepare the journal entry for the salaries and wages paid.(Credit account titles are automatically indented when the amount is entered.Do not indent manually.)

Account Titles and Explanation	Debit	Credit
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Prepare the entry to record the employer payroll taxes.(Credit account titles are automatically indented when the amount is entered.Do not indent manually.)

Account Titles and Explanation	Debit	Credit