Merger Company has 10 employees, each of whom earns $1,900 per month and has been employed since January 1 . FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. Prepare the March 31 journal entry to record the March paytoll taxes expense. Note: Round your onswers to 2 decimal places. Journal entry worksheet Note: Enter debits before credits. On May 3, Zirbal Corporation purchased 8,500 shares of its own stock for $93,500 cash. On November 4 , Zirbal reissued 1,750 shares of this treasury stock for $21,000. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock. Journal entry worksheet Record the purchase of 8,500 shares of its own stock for $93,500 cash. Note: Enter debits before credits