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value: 1.00 points Exercise 11-15 Recording payroll LO P2, P3 The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $300,000;
value: 1.00 points Exercise 11-15 Recording payroll LO P2, P3 The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $300,000; Office salaries, $60,000; Federal income taxes withheld, $90,000; State income taxes withheld, $20,000; Social security taxes withheld, $22,320; Medicare taxes withheld, $5,220; Medical insurance premiums, $7,000; Life insurance premiums, $4,000; Union dues deducted, $1,000; and Salaries subject to unemployment taxes, $50,000. The employee pays forty percent of medical and life insurance premiums 1.1 Using the above information, complete the below table Answer is not complete % paid by employees Premium paid by Employees Premium paid by Employer Total Premium Employee Medical Insurance Payable Employee Life Insurance Payable 1.2 Prepare journal entries to record accrued payroll, including employee deductions, for July. Answer is not complete Date General Journal Debit Credit
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