nces During January, Luxury Cruise Lines Incurs employee salaries of $2.3 million. Withholdings in January are $175,950 for the employee portion of FICA, and $488,750 for employee federal and state. The company incurs an additional $142,600 for federal and state unemployment tax and $69,000 for the employer portion of health insurance (fringe benefits payable to Blue Cross Blue Shield). Required: 1. to 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 account field. Enter your answers in dollars, not in millions (i.e. 5 million should be entered as 5,000,000).) View transaction list Journal entry worksheet Record the employee salary expense, withholdings, and salaries payable. Note: Enter debits before credits. Date General Journal Debit Credit January 311 Salaries Expense 2,300,000 FICA Tax Payable 175,950 Employee Income Tax Payable 488,750 During January, Luxury Cruise Lines incurs employee salaries of $2.3 million. Withholdings in January are $175,950 for the employee portion of FICA, and $488,750 for employee federal and state. The company incurs an additional $142,600 for federal and state unemployment tax and $69,000 for the employer portion of health insurance (fringe benefits payable to Blue Cross Blue Shield). Required: 1. to 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 account field. Enter your answers in dollars, not in millions (i.e. 5 million should be entered as 5,000,000).) View transaction list Journal entry worksheet 2 3 Record the employer-provided fringe benefits. Note: Enter debits before credits. Date General Journal Debit Credit January 31 Salaries Expense 69,000 69,000 During January, Luxury Cruise Lines incurs employee salaries of $2.3 million. Withholdings in January are $175,950 for the employee portion of FICA, and $488,750 for employee federal and state. The company incurs an additional $142,600 for federal and state unemployment tax and $69,000 for the employer portion of health insurance (fringe benefits payable to Blue Cross Blue Shield). Required: 1. to 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 account field. Enter your answers in dollars, not in millions (i.e. 5 million should be entered as 5,000,000).) View transaction list Journal entry worksheet 3 Record the employer payroll taxes. Note: Enter debits before credits. Date General Journal Debit Credit January 311 Payroll Tax Expense 318,550 FICA Tax Payable Unemployment Tax Payable 175,950 142,600