Payrell Acoounts and Year-End Entrios The following accounts, with the balances indicated, apgear it the ledger of carcon Co. on December 1 of the currenk yesp: The follywing varsactions reiating 10 payroll, obyroll defuctions, and payroll tases occumred doring Decorrber Det. 2 tseued Check No, 410 foe 45,000 to Jay Bank to invest in a rebiremert asings actount for emeioytes. 2. I55ue0 Oheck No. 411 to Jey Bank for $35,532 in poyment of $12,312 of wocial security tax, $3,249 of Medicare lax, and $19,990 of empibyees' tederal inceme tax due 13 Journailied the entiy to record the binecely gayrell. A summary of tha payrol record follows: Salary distritution: louthelzed the ettry to recond the binesily pbyrall. A summary of thn payroli mecord follows Salary distribution 130. Journaiued the entry te recerd the biweekly peprofi a sumvary of thie peyrot record fallows. mequiredi \begin{tabular}{|l} \hline 2 \\ \hline 2 \\ \hline \end{tabular} 27 (a.) 27 (b.) 27 (c.) 27 (d.) 31-Bonds 31 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: following transoctions relating to payrell, paproll deductions, and payrell taxes oceurred during December: Sec. 2 Issued Check No. 410 for $5,000 to lay Bank to invest in a retirement savings account for employees. Issued Check No, 411 to Jay Bark for $35,532 in paymark of $12,312 of social securisy tax, 53,240 of Medicare tax, and $19,900 of employees' federal incemte tax due. Joumalized the entry to record the biweekly payroll, A summary of the payroll record follows: Cakaro aistrikuainn. Issued Check No. 420 in paymect of the net amosit of the bieeekly payroll to fund the payrol bank account. 5170. Issued Check No, 424 to Jay Bank for \$36, 360 , in pevment of 112,960 of social security tax, 53,240 of Medicare tax, and 119,960 of employens federai income tar due. Issued Check No, 429 to Sims-Waker insurance Compery for $37,600, in payment of the sembnmual premsm on the aroup medcal insurance policy. Moumalized the entry to record the buweekly payreil, A summary of the payroll recons follows! 7 Journalised the entry to record the biwekty poprol. A summary of the payroll record follows: 7. Lsyed Creck to. 541 in peymenk of the net amount of the biwekily fayrell to fund the payrol bank account. Issued Check No. 543 for \$29,025 to State Bepartment of Reverue in poyment of empleveer' state inoome tax due an December 31. Issued Check No. 565 to lay Bank for $5,000 invest in a retirenent savings bccount for employees. Paid 157,000 to the employee pension plan. The achual pension cost is 174,000 . (Record both the payment and undunded pension liablity. ecember 3bth transactions, { a. } record the payrolt, (b.) perment of salaries, (c. ) record the taxes, and (d.) payment of taxes. December 30 th transactions, (a.) record the payrolt, (b.)psymentofsalaries,(c.)recordthetaxes,and(d.)poymentoftaxes. Chapter 11 HW 13 (a.) 13 (b.) 13-Taxes 16-Taxes 19-Ins. 27 (a.) Chapter 11 HW eBook 27 (b.) 27 (c.) 27 (d.) 31-Bonds 31 a compound transaction, if an amount box does not require an entry, leave it blank. 2b. Joumatice the following adputing entry on December 31: Vacatice pay, $20,600. Payrell Acoounts and Year-End Entrios The following accounts, with the balances indicated, apgear it the ledger of carcon Co. on December 1 of the currenk yesp: The follywing varsactions reiating 10 payroll, obyroll defuctions, and payroll tases occumred doring Decorrber Det. 2 tseued Check No, 410 foe 45,000 to Jay Bank to invest in a rebiremert asings actount for emeioytes. 2. I55ue0 Oheck No. 411 to Jey Bank for $35,532 in poyment of $12,312 of wocial security tax, $3,249 of Medicare lax, and $19,990 of empibyees' tederal inceme tax due 13 Journailied the entiy to record the binecely gayrell. A summary of tha payrol record follows: Salary distritution: louthelzed the ettry to recond the binesily pbyrall. A summary of thn payroli mecord follows Salary distribution 130. Journaiued the entry te recerd the biweekly peprofi a sumvary of thie peyrot record fallows. mequiredi \begin{tabular}{|l} \hline 2 \\ \hline 2 \\ \hline \end{tabular} 27 (a.) 27 (b.) 27 (c.) 27 (d.) 31-Bonds 31 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: following transoctions relating to payrell, paproll deductions, and payrell taxes oceurred during December: Sec. 2 Issued Check No. 410 for $5,000 to lay Bank to invest in a retirement savings account for employees. Issued Check No, 411 to Jay Bark for $35,532 in paymark of $12,312 of social securisy tax, 53,240 of Medicare tax, and $19,900 of employees' federal incemte tax due. Joumalized the entry to record the biweekly payroll, A summary of the payroll record follows: Cakaro aistrikuainn. Issued Check No. 420 in paymect of the net amosit of the bieeekly payroll to fund the payrol bank account. 5170. Issued Check No, 424 to Jay Bank for \$36, 360 , in pevment of 112,960 of social security tax, 53,240 of Medicare tax, and 119,960 of employens federai income tar due. Issued Check No, 429 to Sims-Waker insurance Compery for $37,600, in payment of the sembnmual premsm on the aroup medcal insurance policy. Moumalized the entry to record the buweekly payreil, A summary of the payroll recons follows! 7 Journalised the entry to record the biwekty poprol. A summary of the payroll record follows: 7. Lsyed Creck to. 541 in peymenk of the net amount of the biwekily fayrell to fund the payrol bank account. Issued Check No. 543 for \$29,025 to State Bepartment of Reverue in poyment of empleveer' state inoome tax due an December 31. Issued Check No. 565 to lay Bank for $5,000 invest in a retirenent savings bccount for employees. Paid 157,000 to the employee pension plan. The achual pension cost is 174,000 . (Record both the payment and undunded pension liablity. ecember 3bth transactions, { a. } record the payrolt, (b.) perment of salaries, (c. ) record the taxes, and (d.) payment of taxes. December 30 th transactions, (a.) record the payrolt, (b.)psymentofsalaries,(c.)recordthetaxes,and(d.)poymentoftaxes. Chapter 11 HW 13 (a.) 13 (b.) 13-Taxes 16-Taxes 19-Ins. 27 (a.) Chapter 11 HW eBook 27 (b.) 27 (c.) 27 (d.) 31-Bonds 31 a compound transaction, if an amount box does not require an entry, leave it blank. 2b. Joumatice the following adputing entry on December 31: Vacatice pay, $20,600
