The following monthly data are taken from ramirez company at july 31: sales salaries, $200,000; office salaries, $160,000; 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 40% of medical and life insurance premiums. prepare journal entries to record:
(1) accrued payroll, including employee deductions, for july ;
(2) cash payment of the net payroll (salaries payable) for july;
(3) accrued employer payroll taxes, and other related employment expenses, 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%; and
(4) cash payment of all liabilities related to the july payroll.