PR 11-5A Payroll accounts and year-end entries OBJ. 2, 3,4 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 213 Medicare Tax Payable 218 Retirement Savings $ 3,400 27,000 9,273 2,318 15,455 13,909 1,400 500 Deductions Payable 219 Medical Insurance Payable 411 Operations Salaries Expense 511 Officers Salaries Expense 512 Office Salaries Expense 519 Payroll Tax Expense 214 Employees Federal Income Tax Payable 215 Employees State Income Tax Payable 216 State Unemployment Tax Payable 950,000 600,000 150,000 137,951 217 Federal Unemployment Tax Payable The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December: Dec. 2. Issued Check No. 410 for $3,400 to Jay Bank to invest in a retirement savings account for employees. rity tax, $2,318 of Medicare tax, and $15,455 of employees' federal income tax due. record follows: 2. Issued Check No. 411 to Jay Bank for $27,046, in payment of $9,273 of social secu 13. Journalized the entry to record the biweekly payroll. A summary of the payroll Salary distribution: Operations $43,200 27,200 6,800 Officers Office $77.200 Deductions: Social security tax Medicare tax Federal income tax withheld State income tax withheld Retirement savings deductions Medical insurance deductions $ 4,632 1,158 15,440 3,474 1,700 4,500 30,904 $46,296 Net amount