The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $360,000; Office salaries, $72,000; Federal income taxes withheld, $108,000; State income taxes withheld, $24,000; Social security taxes withheld, $26,784; Medicare taxes withheld, $6,264; Medical insurance premiums, $8,500; Life insurance premiums, $5,500; Union dues deducted, $2,500; and Salaries subject to unemployment taxes, $53,000. 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%.

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Req 1 and 2 Req3 Reg 4 Using the above information, complete the below table and prepare the journal entries to record payment of the net payroll for July. Employee Medical Insurance Payable Employee Life Insurance Payable Total % Paid by Premium Paid Premiu Premium Employees by Employees by Emg $ 8,500 40% $ 3,400 $ $ 5,500 40% $ 2,200 $ Date General Journal Debit Credit Record journal entry for accrued payroll, including employee deductions, for July. July 31 Sales salaries expense 360,000 Office salaries expense 72,000 FICASocial sec. taxes payable 26,784 FICAMedicare taxes payable 6,264 Employee fed inc. taxes payable 108,000 Employee state inc. taxes payable 24,000 Employee medical insurance payable 3,400 Employee life insurance payable 2,200 Employee union dues payable 2,500 Salaries payable 258,852 Record the cash payment of salaries. July 31 Salaries payable Cash 258,852 258,852 Req 1 and 2 Req 3 Req 4 Using the above information, complete the below table. Tax State Unemployment Taxes Payable Federal Unemployment Taxes Payable Amounts Subject to Tax $ 53,000 $ 53,000 Tax Rate Tax Amount 5.4% $ 2,862 0.6% $ 318 Journal entry worksheet 1 2 3 Record all employer's payroll expenses and liabilities for the month of July. Note: Enter debits before credits. Date General Journal Debit Credit July 31