****Please use these particulars!!!

No Journal Entry Required Accounts Payable (Life Insurance) Accounts Payable (Medical Insurance) Accounts Payable (Retirement Plan) Accounts Receivable Advertising Expense Allowance for Uncollectible Accounts Bad Debt Expense Cash Common Stock Contingent Liability Deferred Revenue Delivery Expense FICA Tax Payable Gain Income Tax Expense Income Tax Payable Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Loss Notes Payable Notes Receivable Payroll Tax Expense Property Tax Expense Rent Expense Repairs and Maintenance Expense Retained Earnings Salaries Expense Salaries Payable Sales Revenue Sales Tax Payable Service Fee Expense Service Revenue Supplies Supplies Expense Unemployment Tax Payable Utilities Expense Utilities Payable Warranty Expense Warranty Liability

Problem 8-4A Record payroll (LO8-3) Vacation Destinations 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. Wages and salaries Employee contribution to voluntary retirement plan Medical insurance premiums paid by employer Life insurance premiums paid by employer Federal and state income tax withheld Social Security tax rate Medicare tax rate Federal and state unemployment tax rate $1,100,000 46,200 23,100 4,400 275,000 6. 20% 1.45% 6.20% 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.) Journal entry worksheet