Alamar Petroleum Company offers its employees the option of contributing retirement funds up to 5% of their salaries, with the contribution being matched by Alamat. The company also pays 80% of medical and life insurance premiums. Deductions relating to these plans and other payroll information for the first biweekly payroll period of February are listed as follows: Required: Prepare the appropriate journal entries to record salaries expense and payroll tax expense for the biweekly pay period. Assume that all employees' cumulative wages do not exceed the relevant wage bases for Social Security. FUTA or SUTA. Salaries are not yet paid. (If no entry is required for a transoction/event, select "No journol entry required" in the first account field.) Journal entry worksheet Alamar Petroleum Company offers its employees the option of contributing retirement funds contribution being matched by Alamar. The company also pays 80% of medical and life insu these plans and other payroll information for the first biweekly payroll period of February ar Required: Prepare the appropriate journal entries to record salaries expense and payroll tax expense f all employees' cumulative wages do not exceed the relevant wage bases for Social Security. (If no entry is required for a transaction/event, select "No journal entry required" in the fir Journal entry worksheet Note: tnter debits Derore credits. ?equired: repare the appropriate journal entries to record salaries expense and payroll tax exper all employees' cumulative wages do not exceed the relevant wage bases for Social Seci If no entry is required for a transaction/event, select "No journal entry required" in th Journal entry worksheet Record salaries and wage expense for fringe benefits provided by the employer. Note: Enter debits before credits