Recording Payroll and Payroll Taxes Manchester, Inc., had the following payroll for March: $42.000 66000 24000 8.200 Oficers salaries Sales salaries Federal income taxes withheld HCA taxes withheld Health insurance premiums withheld Salaries included above subject to federal nerployment takes Salaries induded above) bject to state unemployment taxes 71.000 7.000 y can percent Required Prepare journal entries on March 31 to record: a. Accrual of the monthly payroll. b. Payment of the net payroll C Accrual of employer's payroll taxes. Assume that the FICA tax matches the amount withheld the federal unemployment tax is 06 percent and the d. Payment of all liabilities related to this payroll (Assume that all are settled at the same time.) General Journal Description Debit Credit OS Sales salaries Expense General Journal Description Date Debit Credit Mar.31 0$ 0 Sales Salaries Expense 0 FICA Tax Payable Health Insurance Premiums Payable Payroll Payable To record March payroll. Mar 31 To pay net payroll for March. Mar 31 FICA Tax Payable State Unemployment Tax Payable To record employer's March payroll taxes. 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. General Journal Description Date Credit Debit 0$ Mar 31 Sales Salaries Expense o Federal Income Tax Withholding Payable FICA Tax Payable Health Insurance Premiums Payable To Federal Unemployment Tax Payable State Unemployment Tax Payable Cash Officers' Salaries Expense Sales Salaries Expense To Payroll Payable Payroll Tax Expense Mar.31 Mar.31 FICA Tax Payable State Unemployment Tax Payable To record employer's March payroll taxes. 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