Salary distribution: Operations Officers Office Deductions: $75,000 51,000 12,000 138,000 Social security tax 8,280 Medicare tax 2,070 Federal income tax withheld 25,254 State income tax withheld 6,210 Savings bond deductions 3,000 44,814 Net amount 93,186 Dec. 27 Dec. 27 Dec. 31 Dec. 31 Issued Check No. 541 in payment of the net amount of the biweekly payroll. Journalized the entry to record payroll taxes on employees' earnings of December 27: social security tax, $8,280; Medicare tax, $2,070; state unemployment tax, $335; federal unemployment tax, $110. Issued Check No. 543 for $37,935 to State Department of Revenue in payment of employees' state income tax due on December 31. Issued Check No. 545 to Jay Bank for $6,000 to purchase U.S. savings bonds for employees. Paid $74,000 to the employee pension plan. The annual pension cost is $96,000. (Record both the payment and unfunded pension liability.) 1. Journalize the transactions. If an amount box does not require an entry, leave it blank. For December 13th transactions, (a.) record the payroll and (b.) payment of salaries. For December 27th transactions, (a.) record the payroll, (b.) payment of salaries, (c.) record the taxes, and (d.) payment of taxes. Date Account Dec. 2 Medical Insurance Payable Cash Debit Credit 6,000 6,000 Dec. 2 Social Security Tax Payable 16,074 Medicare Tax Payable 4,230 Employees Federal Income Tax Payable 26,085 Cash 46,389 Dec. 13 Operations Salaries Expense Officers Salaries Expense Dec. 13 Office Salaries Expense Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable Employees State Income Tax Payable Payroll Tax Expense X Medical Insurance Expense X Dec. 13 Dec. 16 Dec. 19 Dec. 27 Operations Salaries Expense 75,000 Officers Salaries Expense 51,000 Office Salaries Expense 12,000 Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable State Unemployment Tax Payable Payroll Tax Expense Salaries Payable Dec. 27 Sales Salaries Expense X Salaries Payable X Dec. 27 Dec. 27 Dec. 31 Dec. 31 2a. Journalize the following adjusting entry on December 31. Salaries accrued: operations salaries, $7,500; officers salaries, $5,100; office salaries, $1,200. The payroll taxes are immaterial and are not accrued. If an amount box does not require an entry, leave it blank. Date Dec. 31 Account Debit 2b. Journalize the following adjusting entry on December 31: Vacation pay, $25,900. Date Dec. 31 Account Debit Credit Credit