Instructions

Journalizing And Posting Payroll Entries

Cascade Company has four employees. All are paid on a monthly basis. The fiscal year of the business is June $1$ to May $31.$

The accounts kept by cascade include the following:

$\backslash$table$[[$Account Number,Title,Balance on June $1],[101,$Cash,$$70,200],[211,$Employee Federal Income Tax Payable,$3,553],[212,$Social Security Tax Payable,$5,103],[213,$Medicare Tax Payable,$1,197],[218,$Savings Bond Deductions Payable,$1,225],[221,$FUTA Tax Payable,$574],[222,$SUTA Tax Payable,$2,835],[511,$Wages and Salaries Expense,$0],[530,$Payroll Taxes Expense,$0]]$

The following transactions relating to payrolls and payroll taves occurred during June and July:

$3$une $15$ Paid $$9,853$ covering the following May taxes:

$\backslash$table$[[$Social Security tax,$$5,103$