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During January, Luxury Cruise Lines Incurs employee salaries of $2.7 million. Withholdings in January are $206.550 for the employee portion of FICA $405,000 for federal

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During January, Luxury Cruise Lines Incurs employee salaries of $2.7 million. Withholdings in January are $206.550 for the employee portion of FICA $405,000 for federal income tax $168,750 for state income tax, and $27,000 for the employee portion of health Insurance payable to Blue Cross Blue Shield. The company incurs an additional S167400 for federal and state unemployment tax and $81000 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 os 5,000,000) View transaction list Journal entry worksheet Record the employee salary expense, withholdings, and salaries payable Note: Enter debits before credits Journal entry worksheet Record the employee salary expense, withholdings, and salaries payable. Note: Enter debits before credits. Date General Journal Debit Credit January 31 Record entry Clear entry View general journal Journal entry worksheet

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