During the month of March, Lisa Company's employees earned wages of $72,000. Withholdings related to these wages were $5,508 for Social Security (FICA), $14,400 for federal income tax, $7,000 for state income tax, and $800 for union dues. The company incurred no cost related to these earnings for federal unemployment tax, but incurred $1,400 for state unemployment tax Prepare the necessary March 31 journal entry to record wages expense and wages payable. Assume that wages earned during March will be paid during April. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) ate Account Titles and Explanation Debit Credit lar. Salaries and Wages Expense 72000 FICA Taxes Payable 5508 Federal Income Taxes Payable 14400 State Income Taxes Payable 7000 800 Union Dues Payable 1021 AM 5/2/2020 Federal Income Taxes Payable 14400 State Income Taxes Payable 7000 Union Dues Payable 800 Salaries and Wages Payable 44292 Prepare the entry to record the company's payroll tax expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) ate Account Titles and Explanation Debit Credit lar. 31 Payroll Tax Expense FICA Taxes Payable 550g State Unemployment Taxes Payable 1400 10:21 AM 572/2000