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 $$16,302$

$213$ Medicare Tax Payable $4,290$

$214$ Employees Federal Income Tax Payable $26,455$

$215$ Employees State Income Tax Payable $25,740$

$216$ State Unemployment Tax Payable $2,717$

$217$ Federal Unemployment Tax Payable $858$

$218$ U$.$S$.$ Saving Bond Deductions Payable $6,000$

$219$ Medical Insurance Payable $49,800$

$411$ Operations Salaries Expense $1,732,000$

$511$ Officers Salaries Expense $1,130,000$

$512$ Office Salaries Expense $287,000$

$519$ Payroll Tax Expense $245,960$

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 $$47,047$ in payment of $$16,302$ of social security tax, $$4,290$ of Medicare tax, and $$26,455$ of employees' federal income tax due.

Dec. $13$ Journalized the entry to record the biweekly payroll. A summary of the payroll record follows:

Salary distribution:

Operations $$79,000$

Officers $51,000$

Office $13,000143,000$

Deductions:

Social security tax $8,580$

Medicare tax $2,145$

Federal income tax withheld $26,455$

State income tax withheld $6,435$

Savings bond deductions $3,000$

Medical insurance deductions $8,29454,909$

Net amount $88,091$

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, $$8,580$; Medicare tax, $$2,145$; state unemployment tax, $$680$; federal unemployment tax, $$220.$

Dec. $16$ Issued Check No$.424$ to Jay Bank for $$47,905,$ in payment of $$17,160$ of social security tax, $$4,290$ of Medicare tax, and $$26,455$ of employees' federal income tax due.

Dec. $19$ Issued Check No$.429$ to Sims$-$Walker Insurance Company for $$49,800,$ 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:

Operations $$77,000$

Officers $51,000$

Office $13,000141,000$

Deductions:

Social security tax $8,460$

Medicare tax $2,115$

Federal income tax withheld $25,803$

State income tax withheld $6,345$

Savings bond deductions $3,00045,723$

Net amount $95,277$

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, $$8,460$; Medicare tax, $$2,115$; state unemployment tax, $$340$; federal unemployment tax, $$110.$

Dec. $27$ Issued Check No$.543$ for $$38,520$ 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 $$75,000$ to the employee pension plan. The annual pension cost is $$98,000.($Record both the payment and unfunded pension liability.$)$

Required:

$1.$ Journalize the transactions. If an amount box does not require an entry, leave it blank. For December $13$th transactions, $($a$.)$ record the payroll and $($b$.)$ payment of salaries. For December $27$th transactions, $($a$.)$ record the payroll, $($b$.)$ payment of salaries, $($c$.)$ record the taxes, and $($d$.)$ payment of taxes.