The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $640,000; Office salaries, $128,000; Federal income taxes withheld, $192,000; State income taxes withheld, $43,000; Social security taxes withheld, $47,616; Medicare taxes withheld, $11,136; Medical insurance premiums, $15,500; Life insurance premiums, $12,500; Union dues deducted, $9,500; and Salaries subject to unemployment taxes, $67,000. 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. Total Premium % Paid by Employees 40% 40% Premium Paid by Employees $ 6,200 $ 5,000 Premium Paid by Employer $ 9,300 $ 7,500 Employee Medical Insurance Payable Employee Life Insurance Payable $ 15,500 $ 12,500 Date General Journal Debit Credit Record journal entry for accrued payroll, including employee deductions, for July. July Sales salaries expense 640,000 31 Office salaries expense 128,000 Income taxes expense 192,000 Federal unemployment taxes payable 43,000 FICA-Social sec, taxes payable 47,616 FICA-Medicare taxes payable 11,136 Employee medical insurance payable 6,200 Employee life insurance payable 5,000 Employee union dues payable 9,500 Salaries payable 453,548 Record the cash payment of salaries. July Salaries payable 31 Cash 453,548 453,548 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req4 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% No Debit Credit Date July 31 1 79,572 47,616 11,136 General Journal Payroll taxes expense FICASocial sec. taxes payable FICA-Medicare taxes payable Federal unemployment taxes payable State unemployment taxes payable Employee medical insurance payable Employee life insurance payable 402 3,618 9,300 7,500 July 31 453,548 N Salaries payable Cash 453,548 3 July 31 79,572 Payroll taxes expense FICA-Social sec, taxes payable FICA-Medicare taxes payable State unemployment taxes payable Federal unemployment taxes payable Employee medical insurance payable Employee life insurance payable 47,616 11,136 3,618 402 9,300 7,500