Problem 3: Payroll Problem Background: M&D Contractors has numerous employees who are paid on a weekly basis. Payroll information for the most recent week ending August 10, 2018 is given below: Total Employee compensation FICA social security tax rate FICA medicare tax rate Eadaral unemployment tax rate $136,000 6.2% 1.45% Assignment: 1) Using the General Journal tab, click Add Transaction to journalize each transaction. Click Post to General Ledger once you complete the entry, then repeat these steps for each transaction. 2) Click the Reports tab and review the results of recording these transactions on the General Ledger. 3) Click Submit Work when complete. Transactions: 08/10/2018 Recorded payroll taxes for the August 10 payroll. Prepare a compound entry for this transaction. 08/10/2018 Recorded employee benefits expense for the August 10 payroll. Prepare a compound entry for this transaction, 08/13/2018 Paid employees from the August 10 payroll. 08/15/2018 Paid all withholdings and employer payroll taxes related to the August 10 payroll, Prepare a compound entry for this transaction. BUSINESS REPORTS SAVE WORK RESET RESULTS SUBMIT WORK August 1, 2018 August 31, 2018 > COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date 08/10/2018 Cash-10100 Select an account Account Debit Credit