PAYROLL ACCOUNTING. Blitzen Marketing Research paid its weekly and monthly payroll on January 31. The following information is available about the payroll:

REQUIRED:
Prepare the journal entry to record the payroll payment and the incurrence of the associated expenses and liabilities.

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ITEM Monthly salaries Hourly wages FICA AMOUNT $25,400 EXPENSE CLASSIFICATION Administrative expense 79,600 Operating expense Employees' contribution 7.65% Employer's contribution 7.65% Administrative expense Withholding for federal income tax. $21,240 Withholding for state income tax 2,680 Federal unemployment tax State unemployment tax Blitzen will pay both the employer's taxes and the taxes withheld on April 15. 1,200 Administrative expense 600 Administrative expense