US 11-8 (Static) Recording employee payroll taxes LO PZ On January 15, the end of the first pay period of the year, North Company's employees earned $35,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $6,500 of federal income taxes, $772.50 of medical insurance deductions, and $120 of union dues. No employee earned more than $7,000 in this first period. Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the employee payroll for period. Note: Enter debits before credits. Date January 151 General Journal Debit Credit