1 2 3 Note the journal entries for the following transactions and events involving liabilities. Enter the appropriate dollar amounts in the fourth column. 1. Data for Debue's most recent payroll: gross salaries, $40,000; FICA 8% on $30,000 of gross salaries (some employees' gross salary to date exceeds the annual maximum subject to tax); other payroll taxes 4% on $20,000 of gross salaries, income tax withholding, $6,000. 2. Debue provides paid vacations for some of its employees. During the current year, employees earned $36,000 of paid vacation benefits to be taken in future years. The firm paid $22,000 in vacation pay benefits during the current year. For the accrual of benefits Debue uses 95% as the proportion of earned benefits actually received by employees because some employees leave the firm without taking all their earned paid vacations, and others let some of their benefits lapse. 3. During the current year Debue sold $20,000 worth of gift cards entitling the holder to purchase goods from the firm's online warehouse. This is the first year of the program. During the year, $15,000 of gift cards was redeemed for merchandise. The average gross margin percentage on goods sold is 35%. The gift cards do not expire. Situation Accounts Debited Salary expense Payroll tax expense Accounts Credited Amount 1. Payroll FICA payable Other payroll taxes payable Income tax withholding payable Cash