Instructions Plymouth Electronics had the following transactions that produced liabilities during 2020: a. Purchased merchandise on credit for $80,000. (Note: Assume a pericxlic inventory syster.) b. Year-end wages of $40,000 were incurred, but not paid. Related federal income taxes of $13,000 and Medicare taxes of sseo were withheld. Employee wages are all above the Social Security maximum, so onty Medicare was paid. Year-end estimated income taxes payable, but unpaid for the year were $113,615. d. Sold merchandise on account for $3,636, including state sales taxes of $180. (Note: Assume a periodic inventory system.) . Employer's share of Medicare taxes for the period was $580. The taxes will be paid at a later date, 1. Borrowed cash under a 180-day, 8%, $155,000 note. Required: Prepare the entry to record each of these transactions (treat each transaction independently). Instructions General Journal Prepare the entry to record each of these transactions on December 31 (trwat each transaction firscheppersdevety). General Journal Instructions GENERAL JOURNAL WPACT ON FINANCIAL STATEME BALANCE SHEET INC DATE ACCOUNT TITLE POST DET CREDIT LIABILITIES EQUITY REVENUE 10