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 $10,146 213 Medicare Tax Payable 2,670 214 Employees Federal Income Tax Payable 16,465 215 Employees State Income Tax Payable 16,020 216 State Unemployment Tax Payable 1,691 217 Federal Unemployment Tax Payable 534 218 Bond Deductions Payable 4,000 219 Medical Insurance Payable 31,000 411 Operations Salaries Expense 1,078,000 511 Officers Salaries Expense 703,000 512 Office Salaries Expense 179,000 Payroll Tax Expense 153,080 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 $29,281 in payment of $10,146 of social security tax, $2,670 of Medicare tax, and $16,465 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: 519 Operations $49,000 Officers 32,000 Salary distribution: Operations $49,000 Officers 32,000 Office 8,000 89,000 Deductions: Social security tax 5,340 Medicare tax 1,335 Federal income tax withheld 16,465 State income tax withheld 4,005 Savings bond deductions 2,000 Medical insurance deductions 5,162 34,307 Net amount 54,693 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, $5,340; Medicare tax, $1,335; state unemployment tax, $420; federal unemployment tax, $140. Dec. 16 Issued Check No. 424 to Jay Bank for $ 29,815, in payment of $10,680 of social security tax, $2,670 of Medicare tax, and $16,465 of employees' federal income tax due. Dec. 19 Issued Check No. 429 to Sims-Walker Insurance Company for $ 31,000, 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 $48,000 Officers 32,000 Office 8,000 88,000 Deductions: Deductions: Social security tax 5,280 Medicare tax 1,320 Federal income tax withheld 16,104 3,960 State income tax withheld Savings bond deductions 2,000 28,664 Net amount 59,336 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, $5,280; Medicare tax, $1,320; state unemployment tax, $210; federal unemployment tax, $70. Dec. 27 Issued Check No. 543 for $ 23,985 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 $ 4,000 to purchase U.S. savings bonds for employees. Dec. 31 Pald $47,000 to the employee pension plan. The annual pension cost is $61,000. (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.) record the payroll and (b.) pa 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 Bond Deductions Payable 4,000 Cash 4,000 Dec. 2 Social Security Tax Payable 10,173 Medicare Tax Payable 2,670 Date Account Dec. 2 Bond Deductions Payable 4,000 Cash 4,000 Dec. 2 Social Security Tax Payable 10,173 Medicare Tax Payable 2,670 Employees Federal Income Tax Payable 16,465 Cash 29,398 Dec. 13 (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 Bond Deductions Payable Medical Insurance Payable Salaries Payable Dec. 13 (6.) Salaries Payable Cash eBook Calculator Dec. 13 (b.) Salaries Payable Cash Dec. 13-Taxes Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable State Unemployment Tax Payable Federal Unemployment Tax Payable 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 eBook Calculator Bond Deductions Payable Salaries Payable Dec. 27 (b.) Salaries Payable Cash Dec. 27 (c.) Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable State Unemployment Tax Payable Federal Unemployment Tax Payable Dec. 27 (d.) Employees State Income Tax Payable Cash Dec. 31- Bond Deductions Payable Bonds Cash Dec. 31 Pension Expense Cash Unfunded Pension Liability Dec. 31- Bonds Bond Deductions Payable Cash Dec. 31 Pension Expense Cash Unfunded Pension Liability 2a. Journalize the following adjusting entry on December 31. Salaries accrued: operations salaries, $4,800; of taxes are immaterial and are not accrued. If an amount box does not require an entry, leave it blank. Date Account Debit Credit Dec. 31 Operations Salaries Expense Officers Salaries Expense Office Salaries Expense Salaries Payable 2b. Journalize the following adjusting entry on December 31: Vacation pay, $16,500. Date Account Debit Credit Dec. 31 Vacation Pay Expense Vacation Pay Payable