Airline Temporary Services (ATS) pays employees monthly. Payroll information is listed below for January, the first month of ATS's fiscal year. Assume that none of the employees exceeds the federal unemployment tax maximum salary of $7,000 in January. Salaries expense $590,000 118,000 Federal and state income tax withheld Federal unemployment tax rate State unemployment tax rate Social security (FICA) tax rate 0.80% (after FUTA deduction) 5.408 7.65% Required: Record salaries expense and payroll tax expense for the January pay period. (lf no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2 1 Record the employee salary, withholdings, and salaries payable. Note: Enter debits before credits. Date General Journal Debit Credit Salaries Expense January 31 590,000 29,500 88,500 45,135 Salaries Payable Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the employer payroll tax expense. Note: Enter debits before credits. General Journal Credit Date Debit January 31 Record entry Clear entry View general journal