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During January, a company incurs employee salaries of $2.8 million. Withholdings in January are $214,200 for the employee portion of FICA $420,000 for federal income

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During January, a company incurs employee salaries of $2.8 million. Withholdings in January are $214,200 for the employee portion of FICA $420,000 for federal income tax, $175,000 for state income tax, and $28.000 for the employee portion of health insurance (payable to Company B). The company incurs an additional $173,600 for federal and state unemployment tax and $84,000 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 (ie. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet Record the employee salary expense, withholdings, and salaries payable Note Enter debts before credits Debit Credit to search P DEOREST

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