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Exercise 8-8 (Algo) Record payroll (LOB-3) Duing Jonuary, Luxury Cruise Lines incurs employee salaies of $1.3 malion, Withholdnes in January are 599.450 for the empioyee

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Exercise 8-8 (Algo) Record payroll (LOB-3) Duing Jonuary, Luxury Cruise Lines incurs employee salaies of $1.3 malion, Withholdnes in January are 599.450 for the empioyee portion of FICA, aod $276.250 for employee foderal and state. The company incurs an oddifonal 580,600 for federal and state Required: select "No Jeurnal Entry Aequired" in the firm account field. Enter your answert in doliars, not in millons (f.e. 5 milisen should be entered as 5.000 .000 )

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