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During January, a company Incurs employee salaries of $1.6 million. Withholdings in January are $122,400 for the employee portion of FICA, $240,000 for federal

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During January, a company Incurs employee salaries of $1.6 million. Withholdings in January are $122,400 for the employee portion of FICA, $240,000 for federal income tax, $100,000 for state income tax, and $16,000 for the employee portion of health insurance (payable to Company B). The company incurs an additional $99,200 for federal and state unemployment tax and $48,000 for the employer portion of health insurance. 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).) View transaction list Journal entry worksheet < 1 2 3 Record the employee salary expense, withholdings, and salaries payable. 7 Journal entry worksheet 2.16 points eBook Hint Print References 1 2 3 Record the employee salary expense, withholdings, and salaries payable. Note: Enter debits before credits. Date January 31 General Journal Debit Crudit Record entry Clear entry View general journal Help 2.16 points look Hi Print References Journal entry worksheet < 1 3 Record the employer-provided fringe benefits. Note: Enter debits before credits Date January 31 General Journal Debit Credit Record entry Clear entry View general journal pter 08: HmWrk (Part 01) 7 2.16 points Hint Print References Journal entry worksheet < 1 2 33 Record the employer payroll taxes. Nota: Enter debits before credits. Date January 31 Seved General Journal Debit Credit Record entry Clear entry View general journal Help

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