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 $4,000 to Jay Bank to invest in a retirement savings account for employees. ec. 2. Issued Check No, 410 for $4,000 to Jay Bank to invest in a retirement savings account for employees. 2. Issued Check. No, 411 to Jay Bank for $29,610 in payment of $10,260 of social security tax, $2,700 of Medlcare tax, and $16,650 of employees' federal income tax due. 13. Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: 13. Issued Check No. 420 in payment of the net amount of the biweekly payroll to fund the payroll bank 13. Journalized the entry to record payroll taxes on employees' earnings of December 13: social security tax, $5,400; Medicare tax, \$1,350; state unemployment tax, $430; federal unemployment tax, $140. 16. Issued Check No, 424 to Jay Bank for $30,150, in payment of $10,800 of social security tax, $2,700 of Medicare tax, and $16,650 of employees' federal income tax due. 19. Issued Check No. 429 to Sims-Walker Insurance Company for $31,300, in payment of the semiannual premium on the group medical insurance policy. 27. Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: 27. Issued Check No. 541 in payment of the net amount of the biweekly payroll to fund the payroll bank account. 27. Journalized the entry to record payroll taxes on employees' earnings of December 27: social security tax; $5,340; Medicare tax, $1,335; state unemployment tax, 5215; federal unemployment tax, 570 . 27. Issued Check No, 543 for $24,255 to State Department of Revenue in payment of employees' state income tax due on December 31 . 31. Issued Check No. 545 to Jay Bank for $4,000 invest in a retirement savings account for employees. 31. Paid 547,000 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 16th transactions, (a.) record the payroll and (b.) payment of salaries. For December 30 th transactions, (a.) record the payroll, (b.) payment of salaries, (c.) record the taxes, and (d.) payment of taxes. (27) (6) (1) 2a. Journalize the following adjusting entry on December 31. Salaries accrued: operations salaries, 54,900; officers salaries, 53,200 ; office salaries, $800. The payroll taxes are immaterial and are not accrued. If an ambunt bex does not require an entry, leave it blank. 2b. Journalize the following adjusting entry an December 311 Vacation pay, $16,500, tf an amount box does not require an entry, leave it blank. 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 $4,000 to Jay Bank to invest in a retirement savings account for employees. ec. 2. Issued Check No, 410 for $4,000 to Jay Bank to invest in a retirement savings account for employees. 2. Issued Check. No, 411 to Jay Bank for $29,610 in payment of $10,260 of social security tax, $2,700 of Medlcare tax, and $16,650 of employees' federal income tax due. 13. Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: 13. Issued Check No. 420 in payment of the net amount of the biweekly payroll to fund the payroll bank 13. Journalized the entry to record payroll taxes on employees' earnings of December 13: social security tax, $5,400; Medicare tax, \$1,350; state unemployment tax, $430; federal unemployment tax, $140. 16. Issued Check No, 424 to Jay Bank for $30,150, in payment of $10,800 of social security tax, $2,700 of Medicare tax, and $16,650 of employees' federal income tax due. 19. Issued Check No. 429 to Sims-Walker Insurance Company for $31,300, in payment of the semiannual premium on the group medical insurance policy. 27. Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: 27. Issued Check No. 541 in payment of the net amount of the biweekly payroll to fund the payroll bank account. 27. Journalized the entry to record payroll taxes on employees' earnings of December 27: social security tax; $5,340; Medicare tax, $1,335; state unemployment tax, 5215; federal unemployment tax, 570 . 27. Issued Check No, 543 for $24,255 to State Department of Revenue in payment of employees' state income tax due on December 31 . 31. Issued Check No. 545 to Jay Bank for $4,000 invest in a retirement savings account for employees. 31. Paid 547,000 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 16th transactions, (a.) record the payroll and (b.) payment of salaries. For December 30 th transactions, (a.) record the payroll, (b.) payment of salaries, (c.) record the taxes, and (d.) payment of taxes. (27) (6) (1) 2a. Journalize the following adjusting entry on December 31. Salaries accrued: operations salaries, 54,900; officers salaries, 53,200 ; office salaries, $800. The payroll taxes are immaterial and are not accrued. If an ambunt bex does not require an entry, leave it blank. 2b. Journalize the following adjusting entry an December 311 Vacation pay, $16,500, tf an amount box does not require an entry, leave it blank