Problem 8-4B Record payroll (LO8-3) Emily Turnbull, president of Aerobic Equipment Corporation, is concerned about her employees' well-being. The company offers its employees free medical, dental, and life insurance coverage. It also matches employee contributions to a voluntary retirement plan up to 7% of their salaries. Assume that no employee's cumulative wages exceed the relevant wage bases. Payroll information for the biweekly payroll period ending January 24 is listed below. Wages and salaries Employee contribution to voluntary retirement plan Medical insurance premiums paid by employer Dental insurance premis paid by employer Life insurance premis paid by employer Federal and state income tax withheld FICA tax rate Federal and state unemployment tax rate $1,500,000 75,000 30.000 10,500 5,250 322,500 7.656 6.200 Required: 1., 2. & 3. Record the necessary journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) VEEE ayin MEU ET JOUGE 21SEU UCIUN. Wages and salaries Employee contribution to voluntary retirement plan Medical insurance premiums paid by employer Dental insurance premiums paid by employer Life insurance premiums paid by employer Federal and state income tax withheld PICA tax rate Federal and state unemployment tax rate $1,500,000 75,000 30,000 10.500 5,250 322,500 7.650 6.200 Required: 1., 2. & 3. Record the necessary journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. No Date General Journal Credit Debit 1,500,000 January 24 Salaries Expense Salaries Payable January 24 Payroll Tax Expense Unemployment Tax Payable January 24 Unemployment Tax Payable