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Please show work :) Toledo Tool Company has the following balances in their general ledger payroll liability accounts: Payroll FICA tax payable-OASDI = $8, 560

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Toledo Tool Company has the following balances in their general ledger payroll liability accounts: Payroll FICA tax payable-OASDI = $8, 560 FICA tax payable-HI = $3, 400 Employee's FIT payable = $2.000 Employee's SIT payable = $2, 170 Journalize the payment of the federal taxes on July 15.2016. (Ignore posting references) Journalize the payment of the state income tax on July 31.2016. (Ignore posting references)

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