Recording Various Liabilities Glenview Hardware had the following transactions that produced liabilities during the year a. Purchased merchandise on credit for $30,000. (Note: Assume a periodic inventory system), D. Year-end wages of $14,000 were incurred, but not paid. Related federal income taxes of $1,680, Social Security of 1868 (employee portion), and Medicare taxes of $203 are withheld from employees c. Year-end estimated income taxes payable, but unpaid, for the year were $42.850. d. Sold merchandise on account for $1,302, including state sales 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 $203, respectively. t. Borrowed cash under a 90-day, 9%, $25,000 note. Required: Prepare the entry to record each of these transactions (treat each transaction independently). If an amount box does not require an entry, leave it blank. a. Inventory 30.000 Accounts Payable 30,000 (Record purchase of inventory on account) 14,000 1. X 86X b. Wages Expense Income Taxes Expense Social Security Taxes Payable (Employee) Medicare Taxes Payablexmployee Wapes Payable Record wages and liabilities) 203 X 16.751 X Theater X Accounts Payable Record purchase of inventory on ) LX X . WE Income Taxes Sex Social Security Taxes Payable Employee Hedicare Taxed Byte Wages Payable (Record wages and latest 20 X x Imanes Income Tax Payable (Record accrued contes) X di accounts Payable Sales Taxes Payable tatov Sale (con !! 31 bill 10 Stority Taxes Employee Medicarves upes Social Scies Payablemet Medicare Tree Bayatletmelyet (Record mluyer payu) Il cell