Arrow Systems offers its employees free medical, dental, and life insurance coverage. It also matches employee contributions to a voluntary retirement plan up to 6% of their salaries. Assume that no employee's cumulative wages exceed the relevant wage bases. Payroll information for the bi-weekly payroll period ending January 24th is listed below. $1,000,000 wa w alaxie Employee contribution to voluntary retirement plan 25,000 Dental Insurance pro Life Insurance premium Federal and state income taxes to be withheld TICA La rate Federal and state unemployment tax rate Required: 1., 2., & 3. Record the necessary journal entries. If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the employee salary expense, withholdings, and salaries payable. Date General Journal Debit Credit Recordatory Clear entry View general journal Arrow Systems offers its employees free medical, dental, and life insurance coverage. It also matches employee contributions to a voluntary retirement plan up to 6% of their salaries. Assume that no employee's cumulative wages exceed the relevant wage bases. Payroll Information for the bi-weekly payroll period ending January 24th is listed below. Employee contribution to voluntary retirement plan Federal and state is to be withold Federal and state employment tax rate Regulired: 1, 2, & 3. Record the necessary journal entries Entry Required in the first account field.) no entry is required for a particular transaction/event, select "No Journal View transaction list Journal entry worksheet Record the employer provided fringe benefits Note: debits before credits General Journal Debit Credit Record entry Clear entry View general Journal Arrow Systems offers its employees free medical, dental, and life insurance coverage. It also matches employee contributions to a voluntary retirement plan up to 6% of their salaries. Assume that no employee's cumulative wages exceed the relevant wage bases. Payroll Information for the bi-weekly payroll period ending January 24th is listed below. Wages and salaries Employee contribution to voluntary retirement plan Haalance $1,000,000 60,000 come tems to be withheld 205.000 Federal and state PIER A rate Tederal and state employment tax rate Required: 1, 2, & 3. Record the necessary journal entries. If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the employer payroll taxes. Dute General Journal Debit Credit Record entry Clear entry View general Journal
