Cascade Company has four employees. All are paid on a monthly basis. The fiscal year of the business is June 1 to May 31 The accounts kept by Cascade include the following Account Number 101 211 212 213 218 221 222 511 530 Balance on Title June 1 Cash Employee Federal Income Tax Payable Social Security Tax Payable Medicare Tax Payable Savings Bond Deductions Payable FUTA Tax Payable SUTA Tax Payable Wages and Salaries Expense Payroll Taxes Expense $71,900 3,552 5,143 1,175 1,300 580 3,915 The following transactions relating to payrolls and payroll taxes occurred during June and July: une 15 Paid $9,870 covering the following May taxes Social Security tax Medicare tax Employee federal income tax withheld $5,143 1,175 3,552 $9,870 Total 30 June payroll: Total wages and sala ries e $42,000 Less amounts withheld Social Security tax Medicare tax Employee federal income ta:x Savings bond deductions Net amount paid $2,604 609 3,570 1,300 8,083 $33,917 30 Purchased savings bonds for employees, $2,600 30 Employer payroll taxes expenses for June were: $2,604 609 84 567 $3,864 Social Security FUTA SUTA Total July 15 Paid $9,996 covering the following June taxes: Social Security tax Medicare tax Employee federal income tax withheld $5,208 1,218 3,570 $9,996 Total 31 Paid SUTA tax for the quarter, $4,482 31 Paid FUTA tax, $664 1. Journalize the preceding transactions using a general journal. If an amount box does not reqire an entry, leave it blank. Do not enter the posting reference until you have completed part 2 DOC. POST EBIT CREDIT DATE 1 20- June 15 7 30 To record June payroll BBs: 15 30 19 30 To record employer payroll taxes expense 26 July 15 Deposit of employee federal income tax and Social Security and Medicare taxes 32 31 36 31 Paid FUTA tax Employee Federal Income Tax Payable 211 Social Security Tax Payable 212 Medicare Tax Payable 213 Savings Bond Deductions Payable 218 FUTA Tax Payable 221 SUTA Tax Payable 511 Wages and Salaries Expense Payroll Taxes Expense 530