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Problem 7-8A (Algo) KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2020, the payroll taxes employee and employer

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Problem 7-8A (Algo) KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2020, the payroll taxes employee and employer share combined were as follows: Social Security tax $3,352 53 Medicare tax $78406 Employeo Federal income tax $2,600.00 Required: Create the General Journal entry for the remittance of the taxes. Of no entry is required for a transaction/event, select "No journal entry required in the first account field. Round your answers to 2 decimal places) Answer is not complete. Debt Credit No 1 Date Sep 16 General Journal Employee Federal income tax payable Medicare tax payable Social security tax payable QO

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