Instructions Lynden Company has the following balances in its goneral ledger as of June 1 of this year a, FICA Social Security Tax Payable (employee and employer) is $1,393.50 FICA Medicare Tax Payable (employee and employer is $325.00 b. Employees' Federal Income Tax Payable (lability for May). $995.00 c. Federal Unemployment Tax Payable (liability for April and May), $380.00 d. State Unemployment Tax Payable (liability for April and May, $1.205.75 The company completed the following transactions involving the payroll during Juno and July June 13 30 June and July Transactions: Issued check for $2,714 40, payable to Security Bank, for the monthly deposit of May FICA taxes and employees' federal income tax withheld, 30 Recorded the payroll entry in the general journal from the payroll register for June. Recorded payroll taxes, FICA Social Security rates are 6.2 percent (employee) and 6.2 percent (employer). The employer matches the employee's FICA Medicare rate of 145 percent. State unemployment tax is 5.4 percent, and federal unemployment tax is 0.6 percent. At this time, all employees' earnings are taxable for FICA and unemployment taxes 30 Issued check for $13,639 27 from Cash-Payroll Bank Account to pay salaries for the month July Issued check for $4,27046, payable to Security Bank, for the monthly deposit of June FICA taxes (employee and employer) and employees' federal income tax withheld. Issued check for $2,104.16, payable to the State Tax Commission, for state unemployment tax for April, May, and June. The check was accompanied by the quarterly tax return 31 Issued check for $479,82, payable to Security Bank, for the deposit of federal unemployment tax for April May, and June 14 31 eBook Calculator 31 and employees federal income tax withheld. Issued check for $2,104.15. payable to the State Tax Commission for state unemployment tax for Apri, May, and June. The check was accompanied by the quarterly tax return Issued check for $479.82, payable to Security Bank, for the deposit of federal unemployment tax for April May, and June 31 *The payroll rogister has the following column totals: Sales salaries $11.490.00 Office salaries 5,147.00 Total earnings $16,637.00 Employees' federal income tax deductions $ 1.725.00 Employees' Social Security tax deductions 1,031.49 241.24 Employees' Medicare tax deductions 2.99773 Total deductions $13,63927 Net pay Chart Of Accounts eBook Calculator Lynden Company General Ledger ASSETS REVENUE 111 Cash 411 Sales 112 Cash-Payroll Bank Account 113 Accounts Receivable 115 Supplies 117 Prepaid Insurance 124 Equipment EXPENSES 511.1 Sales Salaries Expense 511.2 Office Salaries Expense 513 Supplies Expense 514 Utilities Expense 622 Payroll Tax Expense 631 Miscellaneous Expenses LIABILITIES 212 Accounts Payable 215 Salaries Payable 216 Employees' Federal Income Tax Payable 217 FICA Social Security Tax Payable 218 FICA Medicare Tax Payable 219 State Unemployment Tax Payable 220 Federal Unemployment Tax Payable 221 Employees' United Way Payable EQUITY 311 Lynden, Capital 312 Lynden, Drawing eBook Calculator PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 2 3 4 5 6 8 9 10 11 12 13 14 15 16 17 18