The following information about the payroll for the week ended December 30 was obtained from the records of KLM Co.: Salaries: Sales Salaries $350,000 Warehouse Salaries 180,000 Office Salaries...

The following information about the payroll for the week ended December 30 was obtained from the records of KLM Co.:

Salaries:
Sales Salaries $350,000
Warehouse Salaries 180,000
Office Salaries 145,000
____________
$675,000
Deductions:
Income Tax Withheld $118,800
Social Security Tax Withheld 40,500
Medicare Tax Withheld 10.125
US Savings Bonds 14,850
Group Insurance 12.150
______________
$196,425
Tax Rates Assumed:

Social Security, 6%
Medicare 1.5%
State Unemployment (SUTA) 5.4%
Federal Unemployment (FUTA) 0.6%
Required:
Prepare the journal entries to
1. Record the December 30 payroll
2. Record the employer’s payroll taxes. Assume that $35,000 is subject to unemployment compensation taxes