Exercise 9-10 (Algo) Recording poyroll LO P2, P3 The following monthly data ate taken from Ramirez Company at July 31: Sales salaries, \$620,000; Office salaries, \$124,000; Federal income taxes withheld. \$186,000; State income taxes withheld, $41,500; Social security taxes withheld, \$46.128; Medicare taxes withheid, $10,788, Medical insurance premiums, $15,000; tife insurance premiums, $12,000, Union dues deducted, $9,000, and. Salaries subject to unemployment taxes, $66,000. 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 5,4% and FUTA taxes are 0.6%. 1. \& 2. Using the above information, complete the below table and prepare the joumal entries to record accrued payroli, including employee deductions, and cash payment of the net payroll (salaries payable) for July. 3. Using the above information, complete the below table, 4. Record the accrued employer payroll taxes and other rentited employment expenses and the cash payment of all tiabilities related to the July payrol-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are O.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. Complete this question by entering your answers in the tabs below. Using the above information, complete the below table. Journal entry worksheet Record all employer's payroll expenses and liabilities for the month of July. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Record the cash payment of all liabilities related to the July payroll. Note: Enter debits before credits