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: 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 $38,493 in payment of $13,338 of social security tax, $3,510 of Medicare tax, and $21,645 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 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, $7,020; Medicare tax, $1,755; state unemployment tax, $550; federal unemployment tax, $180. Dec. 16 Issued Check No. 424 to Jay Bank for $39,195, in payment of $14,040 of social security tax, $3,510 of Medicare tax, and $21,645 of employees' federal income tax due. Dec. 19 Issued Check No. 429 to Sims-Walker Insurance Company for $40,700, 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: 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, $6,840; Medicare tax $1,710; state unemployment tax, $275; federal unemployment tax, $90. Dec. 27 Issued Check No. 543 for $31,455 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 $5,000 to purchase U.S. savings bonds for employees. Dec. 31 Paid $62,000 to the employee pension plan. The annual pension cost is $81,000. (Record both the payment and unfunded pension liability.) Required: and (d.) payment of taxes. Dec. 16 - Taxes Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable Cash Dec. 19 Ins. Medical Insurance Payable Cash Dec. 27 (a. Operations Salaries Expense Officers Salaries Expense Office Salaries Expense Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable Employees State Income Tax Payable V Bond Deductions Payable Salaries Payable Dec. 27 (b.) Salaries Payable Cash \begin{tabular}{|lll|l|} \hline \multicolumn{1}{|c}{ Date } & \multicolumn{1}{c}{ Account } & Debit \\ \hline Dec. 31 & Operations Salaries Expense \\ & Officers Salaries Expense \\ & Office Salaries Expense \\ & Salaries Payable & \end{tabular} 2b. Journalize the following adjusting entry on December 31: Vacation pay, $21,700