1,995 Payroll Accounts and Year-End Entries The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year: 211 Salaries Payable 212 Social Security Tax Payable $11,970 213 Medicare Tax Payable 3,150 214 Employees Federal Income Tax Payable 19,425 215 Employees State Income Tax Payable 18,900 216 State Unemployment Tax Payable 217 Federal Unemployment Tax Payable 630 218 Retirement Savings Deductions Payable 5,000 219 Medical Insurance Payable 36,500 491 Operations Salaries lixpense 1,272,000 511 Officers Salaries Expertise 830,000 512 Orice Salaries Expense 211,000 519 Payroll Tax Expense 180,600 The following transactions relating to payrol, payroll deductions, and payroll taxes occurred during December Dec, 2. Inued Check No. 120 for 55,000 to Jay Bank to invest in a retirement savings account for employees 2. Inued Check No. 411 to Jay Bank for $34,545 in payment of $11,970 of social security tax, 63,150 of Medicare tax, and $19,425 of employees federal income tax due. 13. Journalized the entry to record the biweekly payroll A summary of the payroll record follows: Salary distribution: Check My Work mote Check My Work uses remaining Check My Work 3 more Check My Works remaining Email Save and Ex Submit Assignment for Grading 1,995 Payroll Accounts and Year-End Entries The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year: 211 Salaries Payable 212 Social Security Tax Payable $11,970 213 Medicare Tax Payable 3,150 214 Employees Federal Income Tax Payable 19,425 215 Employees State Income Tax Payable 18,900 216 State Unemployment Tax Payable 217 Federal Unemployment Tax Payable 630 218 Retirement Savings Deductions Payable 5,000 219 Medical Insurance Payable 36,500 491 Operations Salaries lixpense 1,272,000 511 Officers Salaries Expertise 830,000 512 Orice Salaries Expense 211,000 519 Payroll Tax Expense 180,600 The following transactions relating to payrol, payroll deductions, and payroll taxes occurred during December Dec, 2. Inued Check No. 120 for 55,000 to Jay Bank to invest in a retirement savings account for employees 2. Inued Check No. 411 to Jay Bank for $34,545 in payment of $11,970 of social security tax, 63,150 of Medicare tax, and $19,425 of employees federal income tax due. 13. Journalized the entry to record the biweekly payroll A summary of the payroll record follows: Salary distribution: Check My Work mote Check My Work uses remaining Check My Work 3 more Check My Works remaining Email Save and Ex Submit Assignment for Grading