Using the payroll register from P7-1A for Charles Cleaners, complete the General Journal entry for the employer's share of the payroll taxes for the July 12 payroll end date. Assume 5.4 percent SUTA and 0.6 percent FUTA tax rates and that $1,352.40 is subject to FUTA/SUTA taxes. Employees are paid weekly.

Debit Credit Date Jul 12 General Journal Payroll taxes expense Federal unemployment tax payable State unemployment tax payable 8.11 73.03