Check my wo Francisco Company has 10 employees, each of whom earns $2,500 per month and is paid on the last day of each month. All 10 have been employed continuously at this amount since January 1 On March 1, the following accounts and balances exist in its general ledger FICA--Social Security Taxes Payable, $3,100, FICA-Medicare Taxes Payable $726. (The balances of these accounts represent total liabilities for both the employer's and employees' FICA taxes for the February payroll only) b. Employees' Federal Income Taxes Payable $6.250 (lability for February only) c. Federal Unemployment Taxes Payable $300 (lability for January and February together) d. State Unemployment Taxes Payable, $2700 (lability for January and February together The company had the following payroll transactions Mar. 15 Issued check payable to Sudoft Bank, a federal depository bank authorized to accept employers' payments of FICA taxes and employee Income tax withholdings. The $10,076 check is in payment of the February FICA and employee Income taxes. 31 Recorded the journal entry for the March solaries payable. Then recorded the cash payment of the March payroll (the company issued checks payable to each employee In payment of the March payroll). The payroll register shows the following summary totals for the March pay period. Salaries Office Shop Salaries 515,000 salaries $10,000 Gross Pay 5.25,000 Federal Income Taxes 56,25 FICA Taxes 51,559 $ 363 Net Pay 516,837 FICA taxes are Social Security 800 Medicare respectively, $10,000 $15,000 $25,000 $ 1,550 $ 363 $ 6,250 516,837 * FICA taxes are Social Security and Medicare, respectively 31 Recorded the enplayer's payroll taxes resulting from the March payroll. The company has a state unemployment tax rate of 5.40% on the first $7,000 paid to each employee. The federal rate is 0.60%. Apr. 15 Issued check to Swift Bank in payment of the March FICA and employee incone taxes. 15 Issued check to the State Tax Commission for the January, February, and March state unemployment taxes. Filed the check and the first quarter tax return with the Commission. 30 Issued check payable to Swift Bank in payment of the employer's FUTA taxes for the first quarter of the year. Filed Porn 941 with the IRS, reporting the FICA taxes and the employees federal Income tax withholdings for the first quarter Required: Prepare journal entries to record these transactions and events. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 4 5 6 7 D Record the cash payment of FICA (employees and employers) and employee Income Taxes of the month of February View transaction list Journal entry worksheet OE Record the cash payment of SUTA taxes for the months of January, February and March Note: Enter debits before credits Date General Journal Debit Credit Apr 15 Record entry Clear entry View general Journal Journal entry worksheet 1 2. 3 4 5 6 8 > Record the cash payment of FUTA taxes for the first quarter of the year. Note: Enter debits before credits. Date General Journal Debit Credit Apr 30 Record entry Clear entry View general journal ansal Journal entry worksheet Record the filing of Form 941 with the IRS, reporting the FICA taxes and the employees' federal income tax withholdings for the first quarter. Note: Enter debits before credits Date General Journal Debit Credit Apr 30 Record entry Clear entry View general Journal View general journal