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Record the necessary entries in the journal entry

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Question - During January, Luxury Cruise Lines incurs employee salaries of $2.0 million. Withholdings in January are $153,000 for the employee portion of FICA, $300,000 for federal income tax, $125,000 for state income tax, and $20,000 for the employee portion of health insurance (payable to Blue Cross Blue Shield). The company incurs an additional $124,000 for federal and state unemployment tax and 10 $60,000 for the employer portion of health insurance. Record the necessary entries in the Journal Entry.

Reference no: EM133055841

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