The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $420,000; Office salaries, $84,000; Federal income taxes withheld, $126,000; State income taxes withheld, $28,000; Social security taxes withheld, $31,248; Medicare taxes withheld, $7,308; Medical insurance premiums, $10,000; Life insurance premiums, $7,000; Union dues deducted, $4,000; and Salaries subject to unemployment taxes, $56,000. 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 Req 3 Req 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 Premium Paid by m Employees Employees Premium Paid by Employer Total % Paid by 6,000 40%$ $10,000 $7,000 40% $ 2,800 4,200 4,000 Employee Medical Insurance Payable Employee Life Insurance Payable Date Record journal entry for accrued payroll, including employee deductions, for July July General Journal Debit Credit Sales salaries expense Office salaries expense FICA-Social sec. taxes payable FICA-Medicare taxes payable Employee state inc. taxes payable Employee Employee life insurance payable Employee union dues payable Employee fed. inc. taxes payable Salaries payable 420,000 31 84,000 31,248 7,308 28,000 4,000 2,800 4,000 126,000 56,000 medical insurance payable Record the cash payment of salaries Ul Salaries pavable 300,640 31 Cash 300,640 Req 1 and 2 Req 3 Req 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 taxe identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% No Date General Journal Debit Credit July 31 Payroll taxes expense 171,356 FICA-Social sec. taxes payable FICA-Medicare taxes payable Federal unemployment taxes payable Employee medical insurance payable Employee life insurance payable 31,248 7,308 126,000 4,000 2,800 Employee benefits expense Cash 2 July 31