prepare journal entry (treat each transaction separately)

Chart of Accounts General Journal Instructions Plymouth Electronics had the following transactions that produced liabilities during 2020: a. Purchased merchandise on credit for $80,000 (Note: Ansumo a periodic inventory system) b. Year-end wages of $40,000 were incurred, but not paid. Related federal income taxes of 13.000 and Medicatatavad of 5560 wore votthold Employee wages are all above the Social Security maximum, so only Medicare was paid. c Year-end estimated income taxes payable, but unpaid for the year were $113,615 d. Sold merchandise on account for $3,636, including state sales taxes of $180. (Note: Assume a periodic Twentory system) e. Employer's share of Medicare taxes for the period was $580. The taxes will be paid at a later date. f Borrowed cash under a 180-day, 8%, 5155,000 note Required: Prepare the entry to record each of these transactions treat each transaction independenti