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 $$14,478$

$213$ Medicare Tax Payable $3,810$

$214$ Employees Federal Income Tax Payable $23,495$

$215$ Employees State Income Tax Payable $22,860$

$216$ State Unemployment Tax Payable $2,413$

$217$ Federal Unemployment Tax Payable $762$

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

$219$ Medical Insurance Payable $44,200$

$411$ Operations Salaries Expense $1,538,000$

$511$ Officers Salaries Expense $1,003,000$

$512$ Office Salaries Expense $255,000$

$519$ Payroll Tax Expense $218,440$

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 $$41,783$ in payment of $$14,478$ of social security tax, $$3,810$ of Medicare tax, and $$23,495$ 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 $$71,000$

Officers $45,000$

Office $11,000127,000$

Deductions:

Social security tax $7,620$

Medicare tax $1,905$

Federal income tax withheld $23,495$

State income tax withheld $5,715$

Savings bond deductions $3,000$

Medical insurance deductions $7,36649,101$

Net amount $77,899$

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, $$7,620$; Medicare tax, $$1,905$; state unemployment tax, $$600$; federal unemployment tax, $$200.$

Dec. $16$ Issued Check No$.424$ to Jay Bank for $$42,545,$ in payment of $$15,240$ of social security tax, $$3,810$ of Medicare tax, and $$23,495$ of employees' federal income tax due.

Dec. $19$ Issued Check No$.429$ to Sims$-$Walker Insurance Company for $$44,200,$ 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 $$69,000$

Officers $45,000$

Office $11,000125,000$

Deductions:

Social security tax $7,500$

Medicare tax $1,875$

Federal income tax withheld $22,875$

State income tax withheld $5,625$

Savings bond deductions $3,00040,875$

Net amount $84,125$

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, $$7,500$; Medicare tax, $$1,875$; state unemployment tax, $$300$; federal unemployment tax, $$100.$

Dec. $27$ Issued Check No$.543$ for $$34,200$ 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 $$67,000$ to the employee pension plan. The annual pension cost is $$87,000.($Record both the payment and unfunded pension liability.$)$

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.

Date Account Debit Credit

Dec. $2$

fill in the blank $2$ fill in the blank $3$

fill in the blank $5$ fill in the blank $6$

Dec. $2$

fill in the blank $8$ fill in the blank $9$

fill in the blank $11$ fill in the blank $12$

fill in the blank $14$ fill in the blank $15$

fill in the blank $17$ fill in the blank $18$

Dec. $13$

fill in the blank $20$ fill in the blank $21$

fill in the blank $23$ fill in the blank $24$

fill in the blank $26$ fill in the blank $27$

fill in the blank $29$ fill in the blank $30$

fill in the blank $32$ fill in the blank $33$

fill in the blank $35$ fill in the blank $36$

fill in the blank $38$ fill in the blank $39$

fill in the blank $41$ fill in the blank $42$

fill in the blank $44$ fill in the blank $45$

fill in the blank $47$ fill in the blank $48$

Dec. $13$

fill in the blank $50$ fill in the blank $51$

fill in the blank $53$ fill in the blank $54$

Dec. $13$

fill in the blank $56$ fill in the blank $57$

fill in the blank $59$ fill in the blank $60$

fill in the blank $62$ fill in the blank $63$

fill in the blank $65$ fill in the blank $66$

fill in the blank $68$ fill in the blank $69$

Dec. $16$

fill in the blank $71$ fill in the blank $72$

fill in the blank $74$ fill in the blank $75$

fill in the blank $77$ fill in the blank $78$

fill in the blank $80$ fill in the blank $81$

Dec. $19$

fill in the blank $83$ fill in the blank $84$

fill in the blank $86$ fill in the blank $87$

Dec. $27$

fill in the blank $89$ fill in the blank $90$

fill in the blank $92$ fill in the blank $93$

fill in the blank