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 $42,000 68,000 24,000 8,200 2,500 71,000 76,000 Required 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 Date Debit Credit a. Mar.31 $ $ Sales Salaries Expense FICA Tax Payable Health Insurance Premiums Payable Payroll Payable To record March payroll. b. Mar.31 - To pay net payroll for March. C. Mar 31 A FICA Tax Payable State Unemployment Tax Payable To record employer's March payroll taxes. d. 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