The following monthly data are taken from a company's records at March 31 : sales salaries, $620,000; office salaries, $124,000; federal income taxes withheld, $186,000; state income taxes withheld, $41,500; Social Security taxes withheld, $46,128; Medicare taxes withheld, \$10,788; medical insurance premiums, $15,000; life insurance premiums, $12,000; union dues deducted, $9,000; and salaries subject to unemployment taxes, $66,000. The employee pays 40% of medical and life insurance premiums. Prepare journal entries to record (1) accrued payroll, including employee deductions, for March; (2) cash payment of the net payroll (salaries payable) for March; (3) accrued employer payroll taxes for March-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6\%; (4) employee benefits expense for medical insurance and life insurance; and (5) cash payment of all payroll tax and benefit liabilities related to the March payroll. Journal entry worksheet 5 Record accrued payroll, including employee deductions, for March. Note: Enter debits before credits. The following monthly data are taken from a company's records at March 31 : sales salaries, $620,000; office salaries, $124,000; federal income taxes withheld, $186,000; state income taxes withheld, $41,500; Social Security taxes withheld, $46,128; Medicare taxes withheld, \$10,788; medical insurance premiums, $15,000; life insurance premiums, $12,000; union dues deducted, $9,000; and salaries subject to unemployment taxes, $66,000. The employee pays 40% of medical and life insurance premiums. Prepare journal entries to record (1) accrued payroll, including employee deductions, for March; (2) cash payment of the net payroll (salaries payable) for March; (3) accrued employer payroll taxes for March-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4\% and FUTA taxes are 0.6\%; (4) employee benefits expense for medical insurance and life insurance; and (5) cash payment of all payroll tax and benefit liabilities related to the March payroll. Journal entry worksheet Record cash payment of all payroll tax and benefit liabilities related to the March payroll. Note: Enter debits before credits. The following monthly data are taken from a company's records at March 31 : sales salaries, $620,000; office salaries, $124,000; federal income taxes withheld, $186,000; state income taxes withheld, $41,500; Social Security taxes withheld, $46,128; Medicare taxes withheld, $10,788; medical insurance premiums, $15,000; life insurance premiums, $12,000; union dues deducted, $9,000; and salaries subject to unemployment taxes, $66,000. The employee pays 40% of medical and life insurance premiums. Prepare journal entries to record (1) accrued payroll, including employee deductions, for March; (2) cash payment of the net payroll (salaries payable) for March; (3) accrued employer payroll taxes for March-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4\% and FUTA taxes are 0.6\%; (4) employee benefits expense for medical insurance and life insurance; and (5) cash payment of all payroll tax and benefit liabilities related to the March payroll. Journal entry worksheet Record accrued employer payroll taxes for March-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4\% and FUTA taxes are 0.6%. Note: Enter debits before credits. The following monthly data are taken from a company's records at March 31: sales salaries, $620,000; office salaries, $124,000; federal income taxes withheld, $186,000; state income taxes withheld, $41,500; Social Security taxes withheld, $46,128; Medicare taxes withheld, $10,788; medical insurance premiums, $15,000; life insurance premiums, $12,000; union dues deducted, $9,000; and salaries subject to unemployment taxes, $66,000. The employee pays 40% of medical and life insurance premiums. Prepare journal entries to record (1) accrued payroll, including employee deductions, for March; (2) cash payment of the net payroll (salaries payable) for March; (3) accrued employer payroll taxes for March-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4\% and FUTA taxes are 0.6\%; (4) employee benefits expense for medical insurance and life insurance; and (5) cash payment of all payroll tax and benefit liabilities related to the March payroll. Journal entry worksheet Record cash payment of the net payroll (salaries payable) for March. Note: Enter debits before credits. The following monthly data are taken from a company's records at March 31 : sales salaries, $620,000; office salaries, $124,000; federal income taxes withheld, $186,000; state income taxes withheld, $41,500; Social Security taxes withheld, $46,128; Medicare taxes withheld, \$10,788; medical insurance premiums, $15,000; life insurance premiums, $12,000; union dues deducted, $9,000; and salaries subject to unemployment taxes, $66,000. The employee pays 40% of medical and life insurance premiums. Prepare journal entries to record (1) accrued payroll, including employee deductions, for March; (2) cash payment of the net payroll (salaries payable) for March; (3) accrued employer payroll taxes for March-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4\% and FUTA taxes are 0.6\%; (4) employee benefits expense for medical insurance and life insurance; and (5) cash payment of all payroll tax and benefit liabilities related to the March payroll. Journal entry worksheet Record employee benefits expense for medical insurance and life insurance. Note: Enter debits before credits