Recording Payroll and Payroll Taxes Manchester, Inc., had the following payroll for March: Officers' salaries Sales salaries Federal income taxes withheld FICA taxes withheld Health insurance premiums withheld Salaries (included above) subject to federal unemployment taxes Salaries (included above) subject to state unemployment taxes Required $39,000 70,000 21,000 7.900 2.500 65.000 75.000 Prepare journal entries on March 31 to record: a. Accrual of the monthly payroll. b. Payment of the net payroll. c. Accrual of employer's payroll taxes. (Assume that the FICA tax matches the amount withheld, the federal unemployment tax is 0.6 percent, and the state unemployment tax is 5.4 percent.) d. Payment of all liabilities related to this payroll. (Assume that all are settled at the same time.) General Journal Description Debit Credit Date a. $ 0 $ 0 Mar.31 Sales Salaries Expense 0 0 Federal Income Tax Withholding Payable + 0 0 FICA Tax Payable 0 0 Health Insurance Premiums Payable 0 0 Payroll Payable 0 0 To record March payroll. b. Mar.31 0 0 0 0 C. To pay net payroll for March. Mar.31 FICA Tax Payable State Unemployment Tax Payable 4 " To record employer's March payroll taxes. d. 4 0 Mar.31 Federal Income Tax Withholding Payable FICA Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable To pay liabilities related to March payroll. 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0