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 $9,804 213 Medicare Tax Payable 2,580 214 Employees Federal Income Tax Payable 15,910 215 Employees State Income Tax Payable 15,480 216 State Unemployment Tax Payable 1,634 217 Federal Unemployment Tax Payable 516 218 Bond Deductions Payable 4,000 219 Medical Insurance Payable 29,900 411 Operations Salaries Expense 1,041,000 511 Officers Salaries Expense 679,000 512 Office Salaries Expense 173,000 519 Payroll Tax Expense 147,920 The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December: Dec. 2 Issued Check No. 410 for $ 4,000 to Jay Bank to purchase U.S. savings bonds for employees. Dec. 2 Issued Check No. 411 to lay Bank for $ 28,294 In payment of $9,804 of social security tax, $2,580 of Medicare tax, and $15,910 of employees' federal income tax due The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December: Dec. 2 Issued Check No. 410 for $4,000 to Jay Bank to purchase U.S. savings bonds for employees. Dec. 2 Issued Check No. 411 to Jay Bank for $ 28,294 in payment of $9,804 of social security tax, $2,580 of Medicare tax, and $15,910 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 $47,000 Officers 31,000 Office 8,000 86,000 Deductions: Social security tax Medicare tax 5,160 1,290 Federal income tax withheld 15,910 3,870 State income tax withheld Savings bond deductions Medical insurance deductions 2,000 4,988 33,218 Net amount 52,782 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, $5,160; Medicare tax, $1,290; state unemployment tax, $410; federal unemployment tax, $130. Check My Work more Check My Work uses remaining Dec. 16 Issued Check No. 424 to Jay Bank for $ 28,810, in payment of $10,320 of social security tax, $2,580 of Medicare tax, and $15,910 of employees' federal income tax due. Dec. 19 Issued Check No. 429 to Sims-Walker Insurance Company for $ 29,900, 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 $46,000 Officers 31,000 Office 7,000 84,000 Deductions: Social security tax 5,040 Medicare tax 1.260 Federal income tax withheld 15,372 State income tax withheld 3,780 Savings bond deductions 2,000 27,452 N Net amount 56,548 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, $5,040; Medicare tax, $1,260; state unemployment tax, $205, federal unemployment tax, $65. Dec. 27 Issued Check No. 543 for $ 23,130 to State Department of Revenue in payment of employees' state income tax due on December 31. eBook tax due on December 31. Dec. 31 Issued Check No. 545 to Jay Bank for $ 4,000 to purchase U.S. savings bonds for employees. Dec. 31 Paid $45,000 to the employee pension plan. The annual pension cost is $59,000. (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 13th transactions, (a.) recor (b.) payment of salaries. For December 27th transactions, (a.) record the payroll, (b.) payment of salaries, (c.) record the taxes, and taxes Date Account Debit Credit Dec. 2 Dec. 2 Dec. 13 (a
