Prepare the journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8. Credit Salaries Payable for the total net pay.

Use the following tax rates and bases: employer’s FICA—OASDI, 6.2% on the first $113,700; employer’s FICA—HI, 1.45% on total earnings; FUTA, 0.6% on the first $7,000; and SUTA, 3.6785% on the first $8,500.

For a compound transaction, if an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent.