2 25 points Print E10-3 (Static) Recording Payroll Costs [LO 10-2] McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: Salaries and wages earned Employee income taxes withheld FICA taxes withheld Unemployment taxes: Required: $ 400,000 37,000 28,600 2,780 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March. 2. & 3. Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes) and record employer's FICA taxes and unemployment taxes. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for company for March. Total Labor Cost Reg 1 Reg 2 and 3 > Le a: vel ues Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll ta record employer's FICA taxes and unemployment taxes. (If no entry is required for a transaction/event, select "No Journal | Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the payroll for March including employee deductions: Salaries and wages earned, $400,000; Employee income taxes withheld, $37,000; FICA taxes withheld, $28,600; Unemployment taxes, $2,780. Note: Enter debits before credits. Date March 31 4206 woede General Journal Debit Credit Le ale a ve ue C < Prev 2 of 8 Next > Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll ta record employer's FICA taxes and unemployment taxes. (If no entry is required for a transaction/event, select "No Journal Required" in the first account field.) View transaction list Journal entry worksheet 1 NEW Record the employer's FICA taxes and unemployment taxes: Salaries and wages earned, $400,000; Employee income taxes withheld, $37,000; FICA taxes withheld, $28,600; Unemployment taxes, $2,780. Note: Enter debits before credits. Date March 31 General Journal Debit Credit Pacordantor Clearaptor View general Journal