Using the employer payroll entry from P7-4A, post the employee's and employer's share of payroll taxes for the July 12 pay at Charles' Cleaners to the appropriate General Ledger accounts. Assume that $1,352.40 is subject to FUTA/SUTA taxes. Employees are paid weekly. Note: FUTA and SUTA taxes are only employer share.

& Answer is not complete. Date Jul 12 Jul 12 Account: Social Security Tax Payable Debit Credit Balance 156.79 156.79 156.79 313.58 139 Date Jul 12 Jul 12 Account: Medicare Tax Payable Debit Credit 36.67 36.67 Balance 36.67 73.34 Account: Federal Unemployment Tax Payable Date Debit Credit Balance Jul 12 8.11 8.11 Account: State Unemployment Tax Payable Date Debit Credit Balance Jul 12 73.03 73.03 Date Jul 12 Account: Payroll Taxes Expense Debit Credit 468.06 Balance (468.06)