The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year: page 10 of the journal: Dec. 2 Issued Check No. 410 for $4,000 to Jay Bank to purchase U.S. savings bonds for employees. 2 Issued Check No. 411 to Jay Bank for $27,054 in payment of $9,270 of social security tax, $2,3040 Medicare tax, and $15,480 of employees' federal income tax due. 13 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: 13 Issued Check No. 420 in payment of the net amount of the biweekly payroll. 13 Journalized the entry to record payroll taxes on employees' earnings of December 13: social security tax, \$4,512; Medicare tax, \$1,128; state unemployment tax, \$350; federal unemployment tax, \$110. 16 Issued Check No. 424 to Jay Bank for $26,320, in payment of $9,024 of social security tax, $2,256 of Medicare tax, and $15,040 of employees' federal income tax due. 19 Issued Check No. 429 to Sims-Walker Insurance Company for $27,300 in payment of the semiannual premium on the group medical insurance pollcy. On page 11 of the journal: Dec. 27 Journalized the entry to record the blweekly payroll. A summary of the payroll record follows: 27 Issued Check No. 541 in payment of the net amount of the biweekld payroll. 27 Joumalized the entry to record payroll taxes on employees' earnings of Docember 27: social security tax, \$4,548; Medicare tax, \$1, 137; state unemployment tax, \$205; federal unemployment tax, \$70. 27 Issued Check No. 543 for $20,695 to State Department of Revenue in payment of employees' state income tax due on December 31. 31 Issued Check No. 545 to Jay Bank for $4,000 to purchase U.S. savings bonds for employees. 31 Paid $54,000 to the employee pension plan. The annual pension cost is $72,000. (Record both the payment and unfunded pension liability.) Required: 1. Joumalize the transactions on pages 10 and 11 of the journal. 2. On page 12 of the joumal, joumalize the following adjusting entries on December 31 : a. Salarles accrued: operations salaries, $3,580; offcers salaries, $5,550; office salaries, $1,400. The payrof lavis are immaterial and are not accrved. b. Vacation pay, $15,500 Chart of Accounts Chart of Accounts 212SocialSecurityTaxPayable213MedicareTaxPayable214EmployeesFederalIncomeTaxPayable215EmployeesStateIncomeTaxPayable216StateUnemploymentTaxPayable217FederalUnemploymentTaxPayable218BondDeductionsPayable219MedicalInsurancePayable220InterestPayable221NotesPayable226VacationPayPayable227UnfundedPensionLiability228ProductWarrantyPayable310CommonStock311RetainedEarnings312Dividends534SuppliesExpense536VacationPayExpense537PensionExpense538CashShortandOver539ProductWarrantyExpense540MiscellaneousExpense 1. Joumalize the transactions on pages 10 and 11 of the journal. Scroll down to accoss pages 11 and 12 of the joumal. General Joumal 1) 1) 14 (1) 15 11 1) (1) 17) 11. 1) 14 in 7 1) a1 21 2. On page 12 of the joumal, journalize the following adjusting entries on December 31: a. Salarles accrued: operations salaries, 58,580 ; offlcers salaries, $5,550; office salaries, $1,400. The payroll tares are immaterial and are not accrued. b. Vacation pay, $15,500