I need help finishing Paul Company completed the salary and wage payroll for Mar

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I need help finishing

Paul Company completed the salary and wage payroll for March 2014. The payroll provided the following details Salaries and wages earned Employee income taxes withheld Insurance premiums withheld FICA payroll taxes* $212,000 42,400 5,000 15,400 $15,400 each for employer and employees Required 1. Prepare the journal entry to record the payroll for March, including employee deductions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list view general journal Date General Journal Debit Credit March 31Salary and wage expense 212,000 Liability for income taxes withheld - employees Liability for insurance premiums withheld- employees FICA taxes payable - employees 42,400 5,000 15,400 taxes payable employees

Explanation / Answer

Journal Debit Credit Liability for income taxes 42400 Liability for insurance permium        5,000 Fica taxes      15,400 Salaries and wages payable    149,200 Cash    212,000

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