Widmer Company had gross wages of $310,000 during the weok ended June 17 . The amount of wages subject to social security tax was $310,000, while the amount of wages subject to federal and state unemployment taxes was $35.000. Tax rates are as followE: The 1otal amount with heid from enployee wages for federal taxes was $47,000. Required: a. Joumalie the entry to recovd the payroil for the week of June 17. b. Joumalize the entry to record the payrou fax expense incurred for the week of June 17. 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 Wages Expense 118 Prepaid Insurance 524 Depreciation Expense-Building 120 Land 525 Delivery Expense 123 Building 526 Repairs Expense 124 Accumulated Depreciation-Building 529 Selling Expenses 125 Office Equipment 531 Rent Expense 126 Accumulated Depreciation-Office Equipment 532 Depreciation Expense-Office Equipment 533 Insurance Expense LIABILITIES 534 Supplies Expense 210 Accounts Payable 535 Payroll Tax Expense 213 Interest Payable 536 Vacation Pay Expense 214 Notes Payable 537 Pension Expense 215 Wages Payable 538 Cash Short and Over 216 Social Security Tax Payable 539 Product Warranty Expense 216 Social Security Tax Payable 539 Product Warranty Expense 217 Medicare Tax Payable 540 Miscellaneous Expense 218 Employees Federal Income Tax Payable 710 Interest Expense 219 Employees State Income Tax Payable 221 Retirement Savings Deductions Payable 224 Federal Unemployment Tax Payable 225 State Unemployment Tax Payable 226 Vacation Pay Payable 227 Unfunded Pension Liability 228 Product Warranty Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends JOURNAL ACCOUNTING EQUATION