For the year ended December $31,2027,$ Sheffield Electrical Repair Company reports the following summary payroll data.

Deductions:

Sheffield's payroll taxes are Social Security tax $6\mathrm{.}2\%,$ Medicare tax $1\mathrm{.}45\%,$ state unemployment $2\mathrm{.}5\%($due to a stable employment

record$),$ and $0\mathrm{.}6\%$ federal unemployment. Gross earnings subject to Social Security taxes of $6\mathrm{.}2\%$ total $$513,500,$ and gross earnings

subject to unemployment taxes total $$166,000.$ No employee exceeds the $$132,900$ limit related to FICA taxes.

$($a$)$ Prepare a summary journal entry at December $31,2027$ for the full year's payroll.

$($b$)$ Journalize the adjusting entry at December $31,2027$ to record the employer's payroll taxes.

$($Round answers to $0$ decimal places, e$.$g$.125.$ Credit account titles are automatically indented when amount is entered. Do

not indent manually.$)$

No$.$ Account Titles and Explanation

$($a$)$