Main Street Bakery offers its employees the option of contributing up to $5\%$ of their salaries to a voluntary retirement plan, with the employer matching their contribution. The company also pays $100\%$ of medical and life insurance premiums. Assume that no employee's cumulative wages exceed the relevant wage bases. Payroll information for the first biweekly payroll period ending February $14$ is listed below.

Main Street Bakery offers its employees the option of contributing up to $5\%$ of their salaries to a voluntary

retirement plan, with the employer matching their contribution. The company also pays $100\%$ of medical and life

insurance premiums. Assume that no employee's cumulative wages exceed the relevant wage bases. Payroll

information for the first biweekly payroll period ending February $14$ is listed below.

Required:

Record the employee salary expense, withholdings, and salaries payable.

Record the employer$-$provided fringe benefits.

Record the employer payroll taxes.

Record the necessary entry for the scenarios given above. $($If no entry is required for a transaction$/$event$,$ select

$"$No Journal Entry Required" in the first account field.$)$Required:

$1.$ Record the employee salary expense, withholdings, and salaries payable.

$2.$ Record the employer$-$provided fringe benefits.

$3.$ Record the employer payroll taxes.

Record the necessary entry for the scenarios given above. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$