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Exercise 8-8 (Algo) Record payroll (LOB-3) During January, Luxury Cruise Lines incurs employee salaries of $1.9 million. Withholdings in January ane $145.350 for the
Exercise 8-8 (Algo) Record payroll (LOB-3) During January, Luxury Cruise Lines incurs employee salaries of $1.9 million. Withholdings in January ane $145.350 for the employee portion of FICA, and $403,750 for employee federal and state. The company incurs an additional $117,800 for federal and state unemployment tax and $57,000 for the employer portion of health insurance phinge benefits payable to Blue Cross Blue Shield Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below of 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 (e. 5 million should be entered as 5,000,000).) Journal entry worksheet Record the employee selary expense, withholdings, and salaries payable Dale Jy31 General Jumal Dubit Credit ON 2 a 63 54 > & 7 29 .00 ' ' 8 9 O T Y U 1 O P B N M H V command
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