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Problem 8-3B Record payroll (LO8-3) Kashi Sales, L.L.C., produces healthy, whole-grain foods such as breakfast cereals, frozen dinners, and granola bars. Assume payroll for the month of January was $320,000 and the following withholdings, fringe benefits, and payroll taxes apply: Federal and state income tax withheld Health insurance premiums (Blue Cross) paid by employer Contribution to retirement plan (Fidelity) paid by employer FICA tax rate (Social Security and Medicare) Federal and state unemployment tax rate $117,000 11,200 42,000 7.65% 6.20% Assume that Kashi has paid none of the withholdings or payroll taxes by the end of January (record them as payables), and no employee's cumulative wages exceed the relevant wage bases. Required: 1. Record the employee salary expense, withholdings, and salaries payable. 2. Record the employer-provided fringe benefits. 3. Record the employer payroll taxes. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the employee salary expense, withholdings, and salaries payable. Note: Enter debits before credits. Credit Date January 31 Debit 320,000 General Journal Salaries Expense Income Tax Payable FICA Tax Payable Salaries Expense 117,000 Record entry Clear entry View general journal View transaction list Journal entry worksheet

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