Exercise 9-10 (Algo) Recording payroll LO P2, P3 The following monthly data are taken from Ramirez Company at July 31: Sales salarles, $320,000; Office salarles, $64,000; Federal Income taxes withheld, $96,000; State Income taxes withheld, $21,500; Soclal security taxes withheld, $23,808; Medicare taxes withheld, $5,568; Medical Insurance premlums, $7,500; Life Insurance premlums, $4,500; Union dues deducted, $1,500; and Salarles subject to unemployment taxes, $51,000. The employee pays 40% of medical and life Insurance premlums. Assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. 1. \& 2. Using the above Information, complete the below table and prepare the journal entrles to record accrued payroll, including employee deductions, and cash payment of the net payroll (salarles payable) for July. 3. Using the above Information, complete the below table. 4. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related to the July payroll-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. Using the above information, complete the below table and prepare the journal entries to record accrued payroll, including employee deductions, and cash payment of the net payroll (salaries payable) for July. The following monthly data are taken from Ramirez Company at July 31: Sales salarles, $320,000; Office salarles, $64,000; Federal Income taxes withheld, $96,000; State Income taxes withheld, $21,500; Soclal security taxes withheld, $23,808; Medicare taxes withheld, $5,568; Medical Insurance premiums, $7,500; Life Insurance premlums, $4,500; Union dues deducted, $1,500; and Salarles subject to unemployment taxes, $51,000. The employee pays 40% of medical and life Insurance premlums. Assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. 1. \& 2. Using the above Information, complete the below table and prepare the journal entrles to record accrued payroll, Including employee deductions, and cash payment of the net payroll (salarles payable) for July. 3. Using the above Information, complete the below table. 4. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all llabilitles related to the July payroll-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. Using the above information, complete the below table. Exercise 9-10 (Algo) Recording payroll LO P2, P3 The following monthly data are taken from Ramirez Company at July 31: Sales salarles, $320,000; Office salarles, $64,000; Federal Income taxes witheld, $96,000; State Income taxes witheld, $21,500; Soclal security taxes withheld, $23,808; Medicare taxes withheld, $5,568; Medical Insurance premlums, $7,500; Life Insurance premlums, $4,500; Union dues deducted, $1,500; and Salarles subject to unemployment taxes, $51,000. The employee pays 40% of medical and life Insurance premlums. Assume that FICA taxes are Identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. 1. \& 2. Using the above Information, complete the below table and prepare the journal entrles to record accrued payroll, including employee deductions, and cash payment of the net payroll (salarles payable) for July. 3. Using the above Information, complete the below table. 4. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related to the July payroll-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. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related to the July payroll-assume that Federal Insurance Contributions Act (FICA) taxes are identical to those on employees and that State Unemployment Taxes (SUTA) are 5.4% and Federal Unemployment Taxes (FUTA) are 0.6%. Journal entry worksheet Record all employer's payroll expenses and liabilities for the month of July. Note: Enter debits before credits. Exercise 9-10 (Algo) Recording payroll LO P2, P3 The following monthly data are taken from Ramirez Company at July 31: Sales salarles, $320,000; Office salarles, $64,000; Federal Income taxes withheld, $96,000; State Income taxes withheld, $21,500; Soclal security taxes withheld, $23,808; Medicare taxes withheld, $5,568; Medical Insurance premlums, $7,500; Life Insurance premlums, $4,500; Union dues deducted, $1,500; and Salarles subject to unemployment taxes, $51,000. The employee pays 40% of medical and life Insurance premlums. Assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. 1. \& 2. Using the above Information, complete the below table and prepare the journal entrles to record accrued payroll, including employee deductions, and cash payment of the net payroll (salarles payable) for July. 3. Using the above Information, complete the below table. 4. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related to the July payroll-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. Using the above information, complete the below table and prepare the journal entries to record accrued payroll, including employee deductions, and cash payment of the net payroll (salaries payable) for July. The following monthly data are taken from Ramirez Company at July 31: Sales salarles, $320,000; Office salarles, $64,000; Federal Income taxes withheld, $96,000; State Income taxes withheld, $21,500; Soclal security taxes withheld, $23,808; Medicare taxes withheld, $5,568; Medical Insurance premiums, $7,500; Life Insurance premlums, $4,500; Union dues deducted, $1,500; and Salarles subject to unemployment taxes, $51,000. The employee pays 40% of medical and life Insurance premlums. Assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. 1. \& 2. Using the above Information, complete the below table and prepare the journal entrles to record accrued payroll, Including employee deductions, and cash payment of the net payroll (salarles payable) for July. 3. Using the above Information, complete the below table. 4. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all llabilitles related to the July payroll-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. Using the above information, complete the below table. Exercise 9-10 (Algo) Recording payroll LO P2, P3 The following monthly data are taken from Ramirez Company at July 31: Sales salarles, $320,000; Office salarles, $64,000; Federal Income taxes witheld, $96,000; State Income taxes witheld, $21,500; Soclal security taxes withheld, $23,808; Medicare taxes withheld, $5,568; Medical Insurance premlums, $7,500; Life Insurance premlums, $4,500; Union dues deducted, $1,500; and Salarles subject to unemployment taxes, $51,000. The employee pays 40% of medical and life Insurance premlums. Assume that FICA taxes are Identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. 1. \& 2. Using the above Information, complete the below table and prepare the journal entrles to record accrued payroll, including employee deductions, and cash payment of the net payroll (salarles payable) for July. 3. Using the above Information, complete the below table. 4. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related to the July payroll-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. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related to the July payroll-assume that Federal Insurance Contributions Act (FICA) taxes are identical to those on employees and that State Unemployment Taxes (SUTA) are 5.4% and Federal Unemployment Taxes (FUTA) are 0.6%. Journal entry worksheet Record all employer's payroll expenses and liabilities for the month of July. Note: Enter debits before credits