2. M10-4 Reporting Payroll Tax Liabilities [LO 10-2] Lightning Electronics is a midsize manufacturer of ithium batteries. The company's payroll records for the November 1-14 pay period show that employees eaned wages totaling $60,000 but that taxes totaling $9,000 and FICA taxes totaling $3,125 were withheld from this amount. The net pay was directly deposited into the employees' bank accounts. Assume Lightning Electronics must also pay $350 of unemployment taxes for this pay period. employee income Prepare the journal entry or entries that Lightning would use to record the payroll. Include both employee and employer taxes. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the wages expense for November 1-14 time period, including payroll