During January, Luxury Cruise Lines incurs employee salaries of $1.2 million. Withholdings in January are $91,800 for the employee portion of FICA, $180,000 for federal income tax, $75,000 for state income tax, and $12,000 for the employee portion of health insurance (payable to Blue Cross/Blue Shield). The company incurs an additional $74,400 for federal and state unemployment tax and $36,000 for the employer portion of health insurance.

Required:

1., 2.& 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a 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).)

1.Record the employee salary expense, withholdings, and salaries payable.

2.Record the employer-provided fringe benefits.

3.Record the employer payroll taxes.

View transaction list Journal entry worksheet 2 Record the employee salary expense, withholdings, and salaries payable. Note: Enter debits before credits. Date General Journal Debit Credit January 31 Salaries expense 1,N 255,000 91,800 12,000 Income tax payable FICA tax payable Accounts payable Salaries payable Record entry Clear entry View general jourmal