The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year: Account No. Account Name Balance 211 Salaries Payable 212 Social Security Tax Payable $9,270 213 Medicare Tax Payable 2,300 214 Employees Federal Income Tax Payable 15,485 215 Employees State Income Tax Payable 13,916 216 State Unemployment Tax Payable 1,310 217 Federal Unemployment Tax Payable 460 218 Bond Deductions Payable $3,000 219 Medical Insurance Payable 27,000 411 Operations Salaries Expense 930,000 511 Officers Salaries Expense 630,000 512 Office Salaries Expense 160,000 519 Payroll Tax Expense 136,351 The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December: On page 10 of the journal: Dec. 2 Issued Check No. 410 for $3,000 to Jay Bank to purchase U.S. savings bonds for employees. 2 Issued Check No. 411 to Jay Bank for $27,055 in payment of $9,270 of social security tax, $2,300 of Medicare tax, and $15,485 of employees federal income tax due. 13 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: Salary distribution: Operations $41,400 Officers 26,600 Office 6,600 $74,600 Deductions: Social security tax $ 4,476 Medicare tax 1,119 Federal income tax withheld 14,920 State income tax withheld 3,357 Savings bond deductions 1,500 Medical insurance deductions 4,500 29,872 Net amount $44,728 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, $4,476; Medicare tax, $1,119; state unemployment tax, $360; federal unemployment tax, $125. 16 Issued Check No. 424 to Jay Bank for $26,110, in payment of $8,952 of social security tax, $2,238 of Medicare tax, and $14,920 of employees federal income tax due. 19 Issued Check No. 429 to Sims-Walker Insurance Company for $31,500 in payment of the semiannual premium on the group medical insurance policy. On page 11 of the journal: Dec. 27 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: Salary distribution: Operations $41,000 Officers 27,400 Office 6,800 $75,200 Deductions: Social security tax $ 4,512 Medicare tax 1,128 Federal income tax withheld 14,884 State income tax withheld 3,384 Savings bond deductions 1,500 25,408 Net amount $49,792 27 Issued Check No. 541 in payment of the net amount of the biweekly payroll. 27 Journalized the entry to record payroll taxes on employees earnings of December 27: social security tax, $4,512; Medicare tax, $1,128; state unemployment tax, $210; federal unemployment tax, $80. 27 Issued Check No. 543 for $20,657 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 $3,000 to purchase U.S. savings bonds for employees. 31 Paid $51,000 to the employee pension plan. The annual pension cost is $68,000. (Record both the payment and unfunded pension liability.) Required: 1. Journalize the transactions on pages 10 and 11 of the journal. Refer to the Chart of Accounts for exact wording of account titles. 2. On page 12 of the journal, journalize the following adjusting entries on December 31 (refer to the Chart of Accounts for exact wording of account titles): A. Salaries accrued: operations salaries, $8,530; officers salaries, $5,640; office salaries, $1,350. The payroll taxes are immaterial and are not accrued. B. Vacation pay, $15,300.