Recording Various Liabilities Glenview Hardware had the following transactions that produced liabities during the year: a. 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 $868 (employee portion), and Medicare taxes of $203 are withheld from employees Year-end estimated income taxes payable, but unpaid, for the year were 42,850 d. Sold merchandise on account for $1,302, Indoding state les taxes of $62. (Note: Assume a periodic Inventory system) e. Employer's share of Social Security and Medicare taxes for the period were $868 and $209, respectively Borrowed cash under a 90-day, 9%, 125.000 note Required: Prepare the entry to record each of these transactions (trept each transaction independently). If an amount box does not require an entry, teave it blank (Record purchase of inventory on account) I will bu u (Record wages and liabilities) 88