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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

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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 $20,500 in the Social Security Tax Payable account, a balance of $4,236 in the Medicare Tax Payable account, and a balance of $19,060 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

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