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 $13.680 213 Medicare Tax Payable 3,600 214 Employees Federal Income Tax Payable 22 200 215 Employees State Income Tax Payable 21,600 216 State Unemployment Tax Payable 2.280 217 Federal Unemployment Tax Payable 720 218 U.S. Saving Bond Deductions Payable 5,000 219 Medical Insurance Payable 41.800 411 511 519 Operations Salaries Expense 1,453,000 Officers Salaries Expense 948,000 512 Office Salaries Expense 241,000 Payroll Tax Expense 206,400 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 $39,480 in payment of $13,680 of social security tax, $3,600 of Medicare tax, and $22,200 of employees' federal income tax due. Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: Salary distribution: Operations $67,000 Dec. 13 Officers 42,000 Office 11,000 120,000 Deductions: Social security tax 7,200 Medicare tax 1,800 22,200 Federal income tax withheld State income tax withheld 5.400 Dec. 2 519 Payroll Tax Expense 206,400 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. Issued Check No. 411 to Jay Bank for $39,480 in payment of $13,580 of social security tax, $3,600 of Medicare tax, and $22,200 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 $67,000 Officers 42,000 Office 120,000 Deductions: Social security tax 7,200 Medicare tax Federal income tax withheld 22,200 State income tax withheld 5,400 Savings bond deductions 2,500 Medical insurance deductions 6,960 46,060 Net amount 73,940 11,000 1,800 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, $7.200; Medicare tax, $1,800; state unemployment tax, $570; federal unemployment tax, $190. Dec. 16 Issued Check No. 424 to Jay Bank for $40,200, in payment of $14,400 of social security tax, $3,600 of Medicare tax, and $22,200 of employees' federal income tax due. Dec. 19 Issued check No, 429 to Sims Walker Insurance Company for $41,800, 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 $65,000 Officers 42,000 165.000 2. T1000 100 Salary sro O on. Of Deduction Sonya Media me tax within Staten Sabonde 7.000 1,210 21 5.10 2.500 7140 . De the 41st of the Dec 27. Jother torrent de 22 7,00 Medicare tax, 1.720 station porta Dec 23 dhe 543210 States Passo de December The 45tolar lank for 5.000 US DAL Vald 16.000 te them the 12.000 corrette Red 1. imalus the traces an amour best try become more Cab Date Account 1006. 1. Joumalize the transactions. If an amount box does not require an entry, leave it blank. For December 13th of salaries, (c.) record the taxes, and (d.) payment of taxes. Date Account Debit Dec. 2 Credit Dec. 2 Dec. 13 Dec 13 Dec. 13 Check My Work eBook Print Item Dec. 13 Dec. 13