Culber a te Taylor Co. on the first note USS in a litigation claims par note in the series issued on Structions 1. Journalize the transactions. 2. Journalize the adjusting entry for each the current year: a. Product warranty cost, $27,500. each of the following accrued expen b. Interest on the nine remaining notes owed red expenses at the end of 18 notes owed to Taylor Co. Payroll e, $52,795 PR 11-2A Entries for payroll and payroll taxes The following information about the payroll for the tained from the records of Qualitech Co.: OBJ. 2, 3 for the week ended December 30 was ob- Salaries: Sales salaries Warehouse salaries Office salaries $350,000 180,000 145,000 $675,000 Deductions: Income tax withheld Social security tax withheld Medicare tax withheld U.S. savings bonds Group insurance $118,800 40,500 10,125 14,850 12,150 $196,425 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.8% Chapter 11 Current Liabilities and Payroll 539 Instructions 1. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the following entries: a. December 30, to record the payroll. b. December 30, to record the employer's payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $35,000 is subject to unemployment compensation taxes. 2. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the following entries: a. December 30, to record the payroll. b. January 5, to record the employer's payroll taxes on the payroll to be paid on January 5. Because it is a new fiscal year, all $675,000 in salaries is subject to unemployment compensation taxes. PR 11-3A Wage and tax statement data on employer FICA tax OBJ. 2, 3 Ehrlich Co. began business on January 2, 2015. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the required amounts. An employee who is hired in the middle of the