Question: help me with this one 8 Homework graded 0 Help Check my work mode: This shows what is correct or incorrect for the work you

8 Homework graded 0 Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completi Problem 8-4B Record payroll (LO8-3) Emily Turnbull, president of Aerobic Equipment Corporation, is concerned about her employees' well-being. The company offers its employees free medical, dental, and life insurance coverage. It also matches employee contributions to a voluntary retirement plan up to 6% of their salaries. Assume that no employee's cumulative wages exceed the relevant wage bases. Payroll information for the biweekly payroll period ending January 24 is listed below. Wages and salaries Employee contribution to voluntary retirement plan Medical insurance premiums paid by employer Dental insurance premiums paid by employer Life insurance premiums paid by employer Federal and state income tax withheld FICA tax rate Federal and state unemployment tax rate $1,700,000 85,000 34,000 11,900 5,950 365,500 7.658 6.208 Required: 1., 2. & 3. Record the necessary journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Answer is not complete. No General Journal Credit Date January 24 Debit 1.700,000 Salaries Expense Income Tax Payable FICA Tax Payable 365,500 130,050 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Required: 1., 2. & 3. Record the necessary journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. General Journal No Date Credit Debit 1,700,000 January 24 Salaries Expense Income Tax Payable FICA Tax Payable Salaries Payable OOOC 365,500 130,050 495,550 $ January 24 136,850 Salaries Expense Accounts Payable (Dental Insurance) Accounts Payable (Life Insurance) Accounts Payable (Medical Insurance) Accounts Payable (Retirement Plan) 11.900 5,950 34,000 85,000 January 24 235,450 Payroll Tax Expense FICA Tax Payable Unemployment Tax Payable 130,050 105.400
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