Exercise 11-8 Recording payroll LO P2, P3 The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $520,000; Office salaries, $104,000; Federal income taxes withheld, $156,000; State income taxes withheld, $35,000; Social security taxes withheld, $38,688; Medicare taxes withheld, $9,048; Medical insurance premiums. $12,500; Life Insurance premiums, $9,500; Union dues deducted, $6,500, and Solarles subject to unemployment taxes, $61,000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxes are identical to those on employees and that SUTA taxes are 54% and FUTA taxes are 0.6% 182. Using the above Information, complete the below table and prepare the journal entries to record accrued payroll and cash payment of the net payroll for July 3. Using the above information, complete the below table. 4. Record the accrued employer payroll taxes and all other employer-pald expenses and the cash payment of all liabilties for July assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% Complete this question by entering your answers in the tabs below. Reg 4 Red 1 and 2 Req Using the above information, complete the below table and prepare the journal entries to record accrued payroll and cash payment of the net payroll for July, Total * Paid by Premium Pald Premium Pald Premium Employees by Employees by Employer Employee Medical insurance Payable Employee Life Insurance Payable Date General Journal Dubit Credit Record journal entry for acred payroll, including employee deduction for July July 31 Req 1 and 2 Req3 Reg 4 Using the above information, complete the below table and prepare the journal entries to record accrued payre payment of the net payroll for July. Total % Puld by Premium Pald Premium Pald Premium Employees by Employees by Employor Employee Medical Insurance Payable Employee Life Insurance Payable Data General Journal Dobit Credit Record journal entry for accrued flyroll, including employee deductions, for July July 31 Record the cash payment of salaries. July 31 Reg 3 > Req 1 and 2 Req3 Req 4 Using the above information, complete the below table. Tax Amounts Subject to Tax Tax Rate Tax Amount State Unemployment Taxes Payable Federal Unemployment Taxes Payable Record the accrued employer payroll taxes and all other employer-pald expenses and the cash payment of all liabilities fom that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. View transaction list Journal entry worksheet Record the cash payment of all liabilities related to the July payroll. Note: Enter debits befort credits Gonoral Journal Dobit Credit Date July 31