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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 $ million. Withholdings in January are $ for the employee
portion of FICA, and $ for employee federal and state. The company incurs an additional $ for federal and state
unemployment tax and $ for the employer portion of health insurance fringe benefits payable to Blue Cross Blue Shield
Required:
to Record the necessary entries in the Journal Entry Worksheet below. If no entry is required for a particular transactionevent
select No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions ie million should be
entered as
Journal entry worksheet
Record the employee salary expense, withholdings, and salaries payable.
Note: Enter debits before credits.
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