Oxford Company has five employees. All are paid on a monthly basis. The fiscal year of the business is June 1 to May 31. The accounts kept by Oxford Company include the accounts and balances shown. Account Number Title Balance on June 1 101 Cash $69,500.00 211 Employee Federal Income Tax Payable 2,018.00 212 Social Security Tax Payable 2,735.00 213 Medicare Tax Payable 641.00 218 Savings Bond Deductions Payable 787.50 221 FUTA Tax Payable 540.00 222 SUTA Tax Payable 1,380.00 511 Wages and Salaries Expense 0.00 530 Payroll Taxes Expense 0.00 Transactions relating to payrolls and payroll taxes which occurred during June and July are shown. June 15 Paid $5,394.00 covering the following May taxes: Social Security tax $2,735.00 Medicare tax 641.00 Employee fede