Recording various Labs Glenview Hardware had the following transactions that produced during the year Purchased merchandise on credit for $30,000. (Note: Assume a periodic inventory system) b. Year-end wages of $14,000 were incurred, but not paid. Related federal income taxes of $1,680, Social Security of 5368 employee portion), and Medicare aces of $203 are withheld from employees Year-end estimated income taxes avable, but unpaid for the year were 542.50 d. Sold merchandise on account for $1,302, induding state sales taxes of $62. (Note: Assume a periodic inventory system) Employer's share of Social Security and Medicare taxes for the period were $868 and 5203, respectively Borrowed can under a 90-day, 9%, 525,000 note Required Prepare the entry to record each of these transactions (treat each transaction independently). 1r an amount box does not require an entry wave blank (Record purchase of inventory on account) (Record wages and liabilities) 88 Record accrued income taxes) d. (Record sele) W lll lll OO (Record employer payroly) Check My Work more Check My Working