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, $8,550; officers salaries, $5,570; office salaries, $1,440. The payroll taxes are immaterial and are not accrued. | B. | Vacation pay, $15,200. CHART OF ACCOUNTS | Garcon Co. | General Ledger | | ASSETS | 110 | Cash | 111 | Accounts Receivable | 112 | Interest Receivable | 113 | Notes Receivable | 115 | Merchandise Inventory | 116 | Supplies | 118 | Prepaid Insurance | 120 | Land | 123 | Building | 124 | Accumulated Depreciation-Building | 125 | Office Equipment | 126 | Accumulated Depreciation-Office Equipment | | LIABILITIES | 210 | Accounts Payable | 211 | Salaries Payable | 212 | Social Security Tax Payable | 213 | Medicare Tax Payable | 214 | Employees Federal Income Tax Payable | 215 | Employees State Income Tax Payable | 216 | State Unemployment Tax Payable | 217 | Federal Unemployment Tax Payable | 218 | Bond Deductions Payable | 219 | Medical Insurance Payable | 220 | Interest Payable | 221 | Notes Payable | 226 | Vacation Pay Payable | 227 | Unfunded Pension Liability | 228 | Product Warranty Payable | | EQUITY | 310 | Owner, Capital | 311 | Owner, Drawing | 312 | Income Summary 1. Journalize the transactions on pages 10 and 11 of the journal. Refer to the Chart of Accounts for exact wording of account titles. Scroll down to access pages 11 and 12 of the journal. PAGE 10 JOURNAL | DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | 1 | | | | | | 2 | | | | | | 3 | | | | | | 4 | | | | | | 5 | | | | | | 6 | | | | | | 7 | | | | | | 8 | | | | | | 9 | | | | | | 10 | | | | | | 11 | | | | | | 12 | | | | | | 13 | | | | | | 14 | | | | | | 15 | | | | | | 16 | | | | | | 17 | | | | | | 18 | | | | | | 19 | | | | | | 20 | | | | | | 21 | | | | | | 22 | | | | | | 23 | | | | | | 24 | | | | | | 25 | | | | | | 26 | | | | | | 27 | | | | | | 28 | | | | | | 29 | | | | | | PAGE 11 JOURNAL | DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | 1 | | | | | | 2 | | | | | | 3 | | | | | | 4 | | | | | | 5 | | | | | | 6 | | | | | | 7 | | | | | | 8 | | | | | | 9 | | | | | | 10 | | | | | | 11 | | | | | | 12 | | | | | | 13 | | | | | | 14 | | | | | | 15 | | | | | | 16 | | | | | | 17 | | | | | | 18 | | | | | | 19 | | | | | | 20 | | | | | | 21 | | | | | | 22 | | | | | | 23 | | | | | | 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, $8,550; officers salaries, $5,570; office salaries, $1,440. The payroll taxes are immaterial and are not accrued. | B. | Vacation pay, $15,200. | | PAGE 12 JOURNAL | DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | 1 | | Adjusting Entries | | | | 2 | | | | | | 3 | | | | | | 4 | | | | | | 5 | | | | | | 6 | | | | | | 7 | | | | | | | | | |