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During the month of January, an employee earned $4,000 of salary. Withholdings from the employee's salary consist of FICA Social Security taxes of $248,

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During the month of January, an employee earned $4,000 of salary. Withholdings from the employee's salary consist of FICA Social Security taxes of $248, FICA Medicare taxes of $58, federal income taxes of $426, and medical insurance deductions of $170. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February. (Click on the Chart of Accounts Tab below.) Date 1/31/2024 Salaries FICA Social Security FICA Medicare $4,000 $248 $58 $426 $170 General Journal Debit Credit Federal income tax Medical insurance

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