Exerclse 9-10 (Algo) Recording payroll LO P2, P3 The following monthly doto are taken from Romirez Company at July 31: Soles solaries, $500,000; Office sslaries, $100,000; Federal income toxes withheld, $150,000; State income taxes withheld, $33,500; Sociol security toxes withheld, $37,200; Medicare toxes withheld, $8,700; Medical insurance premiums, \$12,000; Life insurance premiums, $9,000; Union dues deducted, \$6,000; and Solaries subject to unemployment taxes, $60,000. The employee poys 40% of medical ond life insurance premiums. Assume that FICA taxes ore identical to those on employees ond that SUTA taxes are 5.4\% and FUTA toxes are 0.6\%. 1. \& 2 Using the above informstion, complete the below table and prepore the journal entries to record accrued payroll, including employee deductions, and cash payment of the net poyroll (salaries poyoble) for July. 3. Using the above information, complete the below table. 4. Record the occrued employer poyroll toxes and other related employment expenses and the cash poyment of all liabilities related to the July payroll-sssume that FICA toxes 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 joumal entries to record accrued payroll, including employee deductions, and cash payment of the net payroll (salaries payable) for July. Using the above information, complete the below table. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related to the uly payroll-assume that Federal Insurance Contributions Act (FICA) taxes are identical to those on employees and that State Jnemployment 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