apter 8 Exercises (Static) 5 Exercise 8-8A Record payroll (L08-3) During January, Luxury Cruise Lines incurs employee salaries of $3 million. Withholdings in January are $229,500 for the employee portion of FICA $450,000 for federal income tax, $187500 for state income tax, and $30,000 for the employee portion of health Insurance (payable to Blue Cross Blue Shield. The company Incurs an additional $186,000 for federal and state unemployment tax and $90,000 for the employer portion of health insurance. Required: 1.-3. Record the necessary entries in the Journal Entry Worksheet below. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (1.0.5 should be entered as 5,000,000).) Book Hint View transaction list View journal entry worksheet Print No 1 General Journal Debit Credit Dato January 31 Reference 3,000,000 Salaries Expense FICA Tax Payable Income Tax Payable Accounts Payable Salarios Payable 450,000 450,000 2 January 31 Salaries Expense Accounts Payable 3 January 31 Payroll Tax Expense Unemployment Tax Payable FICA Tax Payable