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During January, Luxury Cruise Lines incurs employee salaries of $ 2 . 3 million. Withholdings in January are $ 1 7 5 , 9 5

During January, Luxury Cruise Lines incurs employee salaries of $2.3 million. Withholdings in January are $175,950 for the employee
portion of FICA, and $488,750 for employee federal and state. The company incurs an additional $142,600 for federal and state
unemployment tax and $69,000 for the employer portion of health insurance (fringe benefits payable to Blue Cross Blue Shield).
Required:
to 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 million should be
entered as 5,000,000.)
Journal entry worksheet
Record the employee salary expense, withholdings, and salaries payable.
Note: Enter debits before credits.
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