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 $13,110 213 Medicare Tax Payable 3,450 214 Employees Federal Income Tax Payable 21,275 215 Employees State Income Tax Payable 20,700 216 State Unemployment Tax Payable 2,185 217 Federal Unemployment Tax Payable 690 218 U.S. Saving Bond Deductions Payable 5,000 219 Medical Insurance Payable 40,000 411 Operations Salaries Expense 1,393,000 511 Officers Salaries Expense 909,000 512 Office Salaries Expense 231,000 519 Payroll Tax Expense 197,800 The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December: Dec. 2 Issued Check No. 410 for $5,000 to Jay Bank to purchase U.S. savings bonds for employees. Dec. 2 Issued Check No. 411 to Jay Bank for $37,835 in payment of $13,110 of social security tax, $3,450 of Medicare tax, and $21,275 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 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: Salary distribution: Operations $64,000 Officers 41,000 Office 10,000 115,000 Deductions: Social security tax 6,900 Medicare tax 1,725 Federal income tax withheld 21,275 State income tax withheld 5,175 Savings bond deductions 2,500 Medical insurance deductions 6,670 44,245 Net amount 70,755 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, $6,900; Medicare tax, $1,725; state unemployment tax, $550; federal unemployment tax, $180. Dec. 16 Issued Check No. 424 to Jay Bank for $38,525, in payment of $13,800 of social security tax, $3,450 of Medicare tax, and $21,275 of employees' federal income tax due. Dec. 19 Issued Check No. 429 to Sims-Walker Insurance Company for $40,000, in payment of the semiannual premium on the group medical insurance policy. Dec. 27 Joumalized the entry to record the biweekly payroll. A summary of the payroll record follows: Salary distribution: Operations $62,000 Officers 41,000 Office 10,000 113,000 Deductions: Social security tax 6,780 Medicare tax 1,695 Federal income tax withheld 20,679 State income tax withheld 5,085 Savings bond deductions 2,500 36,739 Net amount 76,261 Dec. 27 Dec. 27 Dec. 27 Issued Check No. 541 in payment of the net amount of the biweekly payroll. Journalized the entry to record payroll taxes on employees' earnings of December 27: social security tax, $6,780; Medicare tax, $1,695; state unemployment tax, $275, federal unemployment tax, $90. Issued Check No. 543 for $30,960 to State Department of Revenue in payment of employees' state income tax due on December 31. Issued Check No. 545 to Jay Bank for $5,000 to purchase U.S. savings bonds for employees. Paid $60,000 to the employee pension plan. The annual pension cost is $78,000. (Record both the payment and unfunded pension liability.) Dec. 31 Dec. 31 Required: 1. Journalize the transactions. If an amount box does not require an entry, leave it blank. For December 13th transactions, (a.) record the payroll and (b.) payment of salaries. For December 27th transactions, (a.) record the payroll, (b.) payment of salaries, (c.) record the taxes, and (d.) payment of taxes. Date Account Debit Credit Dec. 2 Dec. 2 Dec. 13 Date Account Debit Credit Dec. 2 Dec, 2 Dec. 13 Dec 13 Dec. 13 Dec. 16 Dec. 16 Dec. 19 Dec. 27 Dec 27 Dec 27 Dec 27 Dec. 31 Dec, 31 Dec 31 9. Journalize the following adjusting entry on December 31, Salaries accrued operations calorien, 56,200, officer sata, 56,100; office alanes, s1,000. The payroll taxes are material and are not accrued. If an amount box does not require an entry leave it blank Date Account De Credit Dec. 31 2b. Journalize the following adjusting entry on December 31: Vacation pay, $21,000. Date Account Debit Credit Dec. 31 2b. Journalize the following adjusting entry on December 31: Vacation pay, $21,000. Date Account Debit Credit Dec. 31