Exercise 10-5 During the month of March, Crane Company's employees earned wages of $61,000. Withholdings related to these wages were $4,667 for Social Security (ICA), 57,148 for federal income tax, $2,955 for state income tax, and $381 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred 3667 for state unemployment tax Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Prepare the entry to record the company's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manay.) Debit Credit Date Account Titles and Explanation Mar. 31