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After Beam Corporation paid its employees on July 15, 2019, and recorded the corporation's share of payroll taxes for the payroll paid that date,

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After Beam Corporation paid its employees on July 15, 2019, and recorded the corporation's share of payroll taxes for the payroll paid that date, the firm's general ledger showed a balance of $18,900 in the Social Security Tax Payable account, a balance of $4,156 in the Medicare Tax Payable account, and a balance of $17.460 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. View transaction list ok Journal entry worksheet 1 Record entry for depositing payroll taxes. Note: Enter debits before credits Date July 16, 2010 General Journal Debit Credit

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