$12-5.$ See Exhibit $12-3$ for opening account balances. Record the following financial transactions for Simonsen Village for the fiscal year ending December $31,2024.$ Show the impact of the transactions on the fundamental equation of accounting $($optional: show journal entriessee Appendix $12-$A$).$ Assume that the modified accrual basis is used.

Simonsen Village has employees who earned $ $400,000$ for the year. At the end of the year, the salaries payable balance