Exercise $8-8($Algo$)$ Record payroll $($LO$8-3)$

During January, Luxury Cruise Lines incurs employee salaries of $$2\mathrm{.}3$ million. Withholdings in January are $$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 $5,000,000).)$

Answer is not complete.

$\backslash$table$[[$No$,$Date,,,Debit,Credit$],[1,$January $31,$Salaries Expense,$0,2,300,000,],[,$FICA Tax Payable,$0,,175,950$