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Instructions Francis Baker owns a business called Baker Construction Co. She does her banking at the American National Bank in Seattle, Washington. The amounts
Instructions Francis Baker owns a business called Baker Construction Co. She does her banking at the American National Bank in Seattle, Washington. The amounts in her general ledger for payroll taxes and employees' withholding of Social Security, Medicare, and federal income tax payable as of July 15 of the current year are shown: Social Security tax payable (includes both employer and employee) Medicare tax payable (includes both employer and employee) FUTA tax payable SUTA tax payable Employee federal income tax payable $9,568 2,280 505 3,410 15,430 Required: Journalize the quarterly payment of the employee federal income taxes and Social Security and Medicare taxes on July 15, 20-, and the payments of the FUTA and SUTA taxes on July 31 20--
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