Return to music Exercise 9-8 Recording payroll LO P2, P3 The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $400,000, Oflice salaries, $80,000; Federal income taxes withheld, $120,000State income taxes withheld $27,000, Social security taxes withheld, $29,760, Medicare taxes withheld, $6,960; Medical insurance premiums, $9,500; Life Insurance premiums. $6,500, Union dues deducted, $3,500, and Salaries subject to unemployment taxes, $55,000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% 1. & 2. Using the above information, complete the below table and Prepare the journal entries to record accrued payroll and cash payment of the net payroll for July 3. Using the above information, complete the below table. 4. Record the accrued employer payroll taxes and all other employer-paid expenses and the cash payment of all liabilities for July assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% Answer is not complete Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Using the above information, complete the below table and prepare the journal entries to record accrued payroll and cash payment of the net payroll for July Total Premium Premium O Reg 1 and 2 Req3 Reg 4 Using the above information, complete the below table and prepare the journal entries to record accrued payroll and cash payment of the net payroll for July Tel $9.500 40% ls 3.800 Employee Medical Insurance Payable Employee Life Insurance Payable S $ 5,700 3.500 $ 6.500 40% $ 2,600 General Journal Credit Record journal entry for accrued payrol, including employee deductions, for July July 31 Sales salaries expense 400,000 Otee salaries expense 120.000 FICA Social sec. taxes payable 29,760 Employee medical insurance payable 9,500 5 1. & 2. Using the above information, complete the below table and Prepare the journal entries to record accrued payroll and cash payment of the net payroll for July 3. Using the above information, complete the below table. 4. Record the accrued employer payroll taxes and all other employer-paid expenses and the cash payment of all liabilities for July assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg 4 Using the above information, complete the below table. Amounts Subject to Tax Tax Rabe Tax Amount Stale Unemployment Taxes Payable Federn Unempies Taxes Payable Red 1 and 2 Reg 4 > Req 1 and 2 Reg 3 Reg 4 Record the accrued employer payroll taxes and all other employer-paid expenses and the cash payment of all liabilities for July that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% View transaction list Journal entry worksheet 1 2 3 Record all employer's payroll expenses and liabilities for the month of July. Note: Enter debits before credits General Journal Debit Credit Date July 31