CengageNOWv2 _ Assignment Chapter 8 Journalizing Payroll Transactions On December 31, the payroll register of Hamstreet Associates indicated the following information: Wages and Salaries Expense $8,700.00 Employee Federal Income Tax Payable 920.00 United Way Contributions Payable 200.00 Earnings subject to Social Security tax 8,000.00 Question Content Area Use Social Security 6.2% and Medicare 1.45% as specified in the text. 1. Determine the amount of Social Security and Medicare taxes to be withheld. If required, round your answers to the nearest cent. Social Security Tax $fill in the blank 0b6656f71fe3ff2_1 Medicare Tax $fill in the blank 0b6656f71fe3ff2_2 Question Content Area 2. Record the journal entry for the payroll, crediting Cash for the net pay. Page: blank ROW NUMBER DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDITROW NUMBER 1 20-- Dec. 31 blank blank - Select - - Select - 1 2 blank blank blank - Select - - Select - 2 3 blank blank blank - Select - - Select - 3 4 blank blank blank - Select - - Select - 4 5 blank blank blank - Select - - Select - 5 6 blank blank blank - Select - - Select - 6 7 blank Payroll for week