Exercise 8-8B Record payroll (LO8-3) During January, a company incurs employee salaries of $20 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 Company ). 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 occount field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).) Journal entry worksheet Record the employer-provided fringe benefits. Note: Enter debits before credits. Date General Joumal Debit Credit January 31 Record entry Clear entry View general journal Prey of 11 Next Journal entry worksheet