Information regarding Jason$$s payroll for its mid$-$month payroll is as follows:

$$ Hourly payroll $$1,800,000$

$$ Salaried payroll $$2,400,000$

$$ Federal withholdings $$360,000$

$$ FICA withholdings $$240,000$

$$ Union dues $$24,000$

$$ Withholdings for $401($k$)$ contributions $$360,000$

$$ Jason$$s match for employee $401$k contributions was $$144,000$

$$ FUTA $$12,000$

$$ SUTA $$14,400$

Prepare the journal entries to record the mid$-$month payroll and the employer$$s payroll taxes. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

select an account title

Salaries and Wages Expense

Correct answer

enter a debit amount

$4200000$

Correct answer enter a credit amount

Correct answer

select an account title

Federal Withholding Taxes Payable

Correct answer

enter a debit amount

Correct answer enter a credit amount

$360000$

Correct answer

select an account title

FICA Taxes Payable

enter a debit amount

Correct answer enter a credit amount

$240000$

Correct answer

select an account title

Union Dues Payable

Correct answer

enter a debit amount

Correct answer enter a credit amount

$24000$

Correct answer

select an account title

$401($K$)$ Payable

Correct answer

enter a debit amount

Correct answer enter a credit amount

$360,000$

Correct answer

select an account title

Cash

Correct answer

enter a debit amount

Correct answer enter a credit amount

$3216000$

Correct answer

$($To record payroll expenses.$)$

select an account title

Payroll Tax Expense

Correct answer

enter a debit amount

Incorrect answer enter a credit amount

Incorrect answer

select an account title

FICA Withholding Payable

enter a debit amount

Incorrect answer enter a credit amount

$240000$

Incorrect answer

select an account title

$401($K$)$ Payable

Correct answer

enter a debit amount

Correct answer enter a credit amount

$144000$

Correct answer

select an account title

FUTA Taxes Payable

Correct answer

enter a debit amount

Correct answer enter a credit amount

$12,000$

Correct answer

select an account title

SUTA Taxes Payable

Correct answer

enter a debit amount

Correct answer enter a credit amount

$14,400$

Correct answer

select an account title

Incorrect answer

enter a debit amount

Incorrect answer enter a credit amount

Incorrect answer

$($To record the employer$$s payroll taxes.$)$