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Exercise 8-8A Record payroll (L08-3) During January, Luxury Cruise Lines incurs employee salaries of $2.0 million. Withholdings in January are $153,000 for the employee portion

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Exercise 8-8A Record payroll (L08-3) During January, Luxury Cruise Lines incurs employee salaries of $2.0 million. Withholdings in January are $153,000 for the employee portion of FICA $300,000 for federal income tax, $125,000 for state income tax, and $20,000 for the employee portion of health Insurance payable to Blue Cross Blue Shleich. The company incurs an additional $124,000 for federal and state unemployment tax and $60,000 for the employer portion of health insurance Required: 1.-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 (l.e. 5 should be entered as 5,000,000).) View transaction ist View transaction list Journal entry worksheet Record the employee salary expense, withholdings, and salaries payable. Note: Enter debits before credits. Dato General Journal Dobit Credit January 31

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