Requirement 3. Make the journal entry to record United's expense for Welch's total earnings for the year, his payroll deductions, and net pay. Debit Salaries Expense and Bonus Expense as appropriate. Credit liability accounts for the payroll deductions and Cash for net pay. An explanation is not required. (Record debits first, then credits. Exclude explanations from journal entries. Check your spelling carefully and do not abbreviate, except for the following acronyms: FICA, OASDI.) Date Accounts and Explanation Debit Credit 2016 Enter any number in the edit fields and then click Check Answer. Gross pay $ 153,720 Withholding deductions: Federal income tax State income tax Employee OASDI tax Employee Medicare tax Charity fund contribution Life insurance $ 14,640 1,270 7,254 2,229 1,537 60 Total withholdings 26,990 $ 126,730 Mat (tan hamalnu $ 153,720 Gross pay Employer Payroll Taxes: FICA-OASDI FICA-Medicare FUTA $ 7,254 2,229 42 378 SUTA Total Employer Payroll Tax 9,903 163,623 Total Payroll Expense