During January, Luxury Cruise Lines 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 toBlue Cross Blue Shield). 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 (i.e. 5 should be entered as 5,000,000).)