11-7

After Beam Corporation paid its employees on July 15 and recorded the corporation's share of payroll taxes for the payroll paid that date, the firm's general ledger showed a balance of \$19,200 in the Social Security Tax Payable account, a balance of \$4,171 in the Medicare Tax Payable account, and a balance of $17,760 in the Employee Income Tax Payable account. On July 16, the business issued a check to deposit the taxes owed in the First Texas Bank. Record this transaction in general journal form. Journal entry worksheet Record entry for depositing payroll taxes. Note: Enter debits before credits