Question: The following monthly data are taken from Ramirez Company at July 31: sales salaries, $200,000; officesalaries, $160,000; federal income taxes withheld, $90,000; state income taxes withheld, $20,000; SocialSecurity 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 unemploymenttaxes, $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...