C 5 During January, Luxury Cruise Lines incurs employee salaries of $2.6 million. Withholdings in January are $198,900 for the employee portion of FICA, $390,000 for federal income tax, $162,500 for state income tax, and $26,000 for the employee portion of health insurance (payable to Blue Cross Blue Shield). The company incurs an additional $161,200 for federal and state unemployment tax and $78,000 for the employer portion of health insurance. nts Required: 1.-3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).) eBook View transaction list 1 Hint Journal entry worksheet Print References Record the employee salary expense, withholdings, and salaries payable. Note: Enter debits before credits Date General Journal Debit Credit January 31 Mc Graw Hill 5 During January, Luxury Cruise Lines incurs employee salaries of $2.6 million. Withholdings in January are $198,900 for the employee portion of FICA. $390,000 for federal income tax, $162,500 for state income tax, and $26,000 for the employee portion of health Insurance (payable to Blue Cross Blue Shield). The company incurs an additional $161,200 for federal and state unemployment tax and $78,000 for the employer portion of health insurance. 0 oints Required: 1.-3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).) eBook View transaction list Hint Journal entry worksheet Print 2 3 References Record the employer-provided fringe benefits. Note: Enter debits before credits General Journal Debit Credit Date January 31 MC Graw Hill 5 During January, Luxury Cruise Lines incurs employee salaries of $2.6 million. Withholdings in January are $198,900 for the employee portion of FICA, $390,000 for federal income tax, $162,500 for state income tax, and $26,000 for the employee portion of health insurance (payable to Blue Cross Blue Shield). The company incurs an additional $161,200 for federal and state unemployment tax and $78,000 for the employer portion of health insurance. nts Required: 1.3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).) eBook es Hint View transaction list Journal entry worksheet Print 1 2 3 References Record the employer payroll taxes. Note: Enter debits before credits Date General Journal Debit Credit January 31 Mc Graw Hill