Problem 13-13 (Algo) Payroll-related liabilities [Appendix 13] Alamar Petroleum Company offers its employees the option of contributing retirement funds up to 5% or thelr salarles, with the contribution being matched by Alamar. The company also pays 85% of medical and life insurance premiums. Deductions relating to these plans and other payroll information for the first biweekly payroll period of February are listed as follows. Required: Prepare the approprlate Journal entrles to record salarles expense and payroll tax expense for the biweekly pay perlod Assume that all employees cumulative wages do not exceed the relevant wage bases for Socla Security Also assume that all employees' cumulatlve wages do exceed the relevant unemployment wage bases at the end of January. Salarles are notyet pald Note: If no entry is requlred for a transaction/event, select "No Journal entry required" In the flist account fleld. Journal entry worksheet iedicape tax rate Requlred: Prepare the approprlate journal entrles to record salarles expense and payroll tax expense for the brweekly pay pe all employees' cumulative wages do not exceed the relevant wage bases for soclal Security, Also assume that all en cumulative wages do exceed the relevant unemployment wage bases at the end of January. Salarles are not yet pa Note: If no entry is requlred for a transaction event, select "No Journal entry required" In the flrst account fleld. Journal entry worksheet Journal entry worksheet Record salaries and wage expense for fringe benefits provided by the employer. Noter Enter debits before eredits