Francisco Company has $10$ employees, each of whom earns $$2,900$ per month and is paid on the last day of each month. All $10$ have been employed continuously at this amount since January $1.$ On March $1,$ the following accounts and balances exist in its general ledger. Required:

Prepare journal entries to record these transactions and events.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. $($Pleaase have it in a journal format$)$Francisco Company has $10$ employees, each of whom earns $$2,900$ per month and is pald on the last day of each month. All $10$ have

been employed continuously at this amount since January $1.$ On March $1,$ the following accounts and balances exist in Its general

ledger.

a$.$ FICA$-$Soclal Securlty Taxes Payable, $$3,596$; FICA$-$Medicare Taxes Payable, $$842.($The balances of these accounts represent

total llabilitles for both the employer's and employees' FICA taxes for the February payroll only.$)$

b$.$ Employees' Federal Income Taxes Payable, $$7,250($llability for February only$).$

c$.$ Federal Unemployment Taxes Payable, $$348($llabillty for January and February together$).$

d$.$ State Unemployment Taxes Payable, $$3,132($llability for January and February together$).$

The company had the following payroll transactions.

employee income tax withholdings. The $$11,688$ check is in payment of the february FICA and employee income taxes.

summary totals for the March pay period.

${?}^{**}$ FICA taxes are Soclal Security and Medicare, respectively.

$5\mathrm{.}49\%$ on the first $$7,00$ paid to each employee. The federal rate is $0\mathrm{.}60\%.$

April $15$ Issued check to Swift Bank in payment of the March FICA and employee income taxes.

and the first$-$quarter tax return with the Commission.

April $30$ Issued check payable to Swift Bank in payment of the employer's FuTA taxes for the first quarter of the year.

quarter.