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Exerclse 10.10 (Algo) Journallzing payroll transactions. LO 10.7 On July 31, the payroll register for Red Company showed the following totals for the month: gross

image text in transcribed Exerclse 10.10 (Algo) Journallzing payroll transactions. LO 10.7 On July 31, the payroll register for Red Company showed the following totals for the month: gross earnings, $38,900; soclal security tax, $2,411.80; Medicare tax, $564.05; Income tax, $3,079.72; and net amount due, $32,844.43. Of the total earnings, $30,768.46 was for sales salarles and $8,131.54 was for office salarles. Prepare a general Journal entry to record the monthly payroll of the firm on July 31. Note: Round your final answers to 2 decimal places. Journal entry worksheet Record the payroll expense and related taxes payable. Note: Enter debits before credits

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