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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 The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December: Dec. 2 Issued Check No. 410 for $6,000 to Jay Bank to purchase U.S. savings bonds for employees. Dec. 2 Issued Check No. 411 to Jay Bank for $47,705 in payment of $16,530 of social security tax, $4,350 of Medicare tax, and $26,825 of employees' federal income tax due. Dec. 13 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December: Dec. 2 Issued Check No. 410 for $6,000 to Jay Bank to purchase U.S. savings bonds for employees. Dec. 2 Issued Check No. 411 to Jay Bank for $47,705 in payment of $16,530 of social security tax, $4,350 of Medicare tax, and $26,825 of employees' federal income tax due. Dec. 13 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: Dec. 13 Issued Check No. 420 in payment of the net amount of the biweekly payroll. Dec. 13 Journalized the entry to record payroll taxes on employees' earnings of December 13: social security tax, $8,700; Medicare tax, \$2,175; state unemployment tax, $690; federal unemployment tax, $230. Dec. 16 Issued Check No. 424 to Jay Bank for $48,575, in payment of $17,400 of social security tax, $4,350 of Medicare tax, and $26,825 of employees' federal income tax due. Dec. 19 Issued Check No. 429 to Sims-Walker Insurance Company for \$50,500, in payment of the semiannual premium on the group medical insurance policy. Dec. 27 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: Salary distribution: Dec. 27 Issued Check No. 541 in payment of the net amount of the biweekly payroll. Dec. 27. Journalized the entry to record payroll taxes on employees' earnings of December 27: social security tax, $8,580; Medicare tax, \$2,145; state unemployment tax, $345; federal unemployment tax, $115. Dec. 27 Issued Check No. 543 for $39,060 to State Department of Revenue in payment of employees' state income tax due on December 31. Dec. 31 Issued Check No. 545 to Jay Bank for $6,000 to purchase U.S. savings bonds for employees. Dec. 31 Paid $76,000 to the employee pension plan. The annual pension cost is $99,000. (Record both the payment and unfunded pension liability.) Required: record the taxes, and (d.) payment of taxes. Dec. 13 Dec. 13 Dec. 16 Dec. 19 Dec. 27 2b. Journalize the following adjusting entry on December 31 : Vacation pay, $26,600