Ferdinand Company has monthly salaries of $20,000. Assume Ferdinand Company pays all the standard payroll taxes, no

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Ferdinand Company has monthly salaries of $20,000. Assume Ferdinand Company pays all the standard payroll taxes, no employees have reached the payroll tax limits, total income tax withheld is $2,400, and the only payroll deductions are payroll taxes. Journalize the accrual of salaries expense, accrual of employer payroll taxes, and payment of employee and employer payroll taxes for Ferdinand Company.

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