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Recording Payroll and Payroll Taxes Manchester, Inc., had the following payroll for March:

Officers' salaries	$390,000
Sales salaries	650,000
Federal income taxes withheld	210,000
FICA taxes withheld	79,000
Health insurance premiums withheld	22,000
Salaries (included above) subject to federal unemployment taxes	650,000
Salaries (included above) subject to state unemployment taxes	700,000

Required Prepare journal entries on March 31 to record: a. Accrual of the monthly payroll. b. Payment of the net payroll. c. Accrual of employer's payroll taxes. (Assume that the FICA tax matches the amount withheld, the federal unemployment tax is 0.6 percent, and the state unemployment tax is 5.4 percent.) d. Payment of all liabilities related to this payroll. (Assume that all are settled at the same time.)

General Journal
Date	Description	Debit	Credit
a.
Mar.31	AnswerFederal Income Tax Withholding PayableFICA Tax PayableHealth Insurance Premiums PayableFederal Unemployment Tax PayableState Unemployment Tax PayableCashOfficers' Salaries ExpenseSales Salaries ExpensePayroll PayablePayroll Tax Expense	Answer	Answer
	Sales Salaries Expense	Answer	Answer
	AnswerFederal Income Tax Withholding PayableFICA Tax PayableHealth Insurance Premiums PayableFederal Unemployment Tax PayableState Unemployment Tax PayableCashOfficers' Salaries ExpenseSales Salaries ExpensePayroll PayablePayroll Tax Expense	Answer	Answer
	FICA Tax Payable	Answer	Answer
	Health Insurance Premiums Payable	Answer	Answer
	Payroll Payable	Answer	Answer
	To record March payroll.
b.
Mar.31	AnswerFederal Income Tax Withholding PayableFICA Tax PayableHealth Insurance Premiums PayableFederal Unemployment Tax PayableState Unemployment Tax PayableCashOfficers' Salaries ExpenseSales Salaries ExpensePayroll PayablePayroll Tax Expense	Answer	Answer
	AnswerFederal Income Tax Withholding PayableFICA Tax PayableHealth Insurance Premiums PayableFederal Unemployment Tax PayableState Unemployment Tax PayableCashOfficers' Salaries ExpenseSales Salaries ExpensePayroll PayablePayroll Tax Expense	Answer	Answer
	To pay net payroll for March.
c.
Mar.31	AnswerFederal Income Tax Withholding PayableFICA Tax PayableHealth Insurance Premiums PayableFederal Unemployment Tax PayableState Unemployment Tax PayableCashOfficers' Salaries ExpenseSales Salaries ExpensePayroll PayablePayroll Tax Expense	Answer	Answer
	FICA Tax Payable	Answer	Answer
	AnswerFederal Income Tax Withholding PayableFICA Tax PayableHealth Insurance Premiums PayableFederal Unemployment Tax PayableState Unemployment Tax PayableCashOfficers' Salaries ExpenseSales Salaries ExpensePayroll PayablePayroll Tax Expense	Answer	Answer
	State Unemployment Tax Payable	Answer	Answer
	To record employer's March payroll taxes.
d.
Mar.31	Federal Income Tax Withholding Payable	Answer	Answer
	FICA Tax Payable	Answer	Answer
	AnswerFederal Income Tax Withholding PayableFICA Tax PayableHealth Insurance Premiums PayableFederal Unemployment Tax PayableState Unemployment Tax PayableCashOfficers' Salaries ExpenseSales Salaries ExpensePayroll PayablePayroll Tax Expense	Answer	Answer
	Federal Unemployment Tax Payable	Answer	Answer
	State Unemployment Tax Payable	Answer	Answer
	AnswerFederal Income Tax Withholding PayableFICA Tax PayableHealth Insurance Premiums PayableFederal Unemployment Tax PayableState Unemployment Tax PayableCashOfficers' Salaries ExpenseSales Salaries ExpensePayroll PayablePayroll Tax Expense	Answer	Answer
	To pay liabilities related to March payroll.

Please answer all parts of the question.

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