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The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year: The following transactions relating

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The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year: The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December: On page 10 of the joumal: page 10 of the journal: Dec. 2 Issued Check No, 410 for $4,000 to Jay Bank to invest in a retirement savings account for employees. 2 Issued Check No, 411 to Jay Bank for $27,046, in payment of $9,270 of social security tax, $2,306 of Medicare tax, and $15,470 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 to fund the payroll bank account. 13 Journalized the entry to record payroll taxes on employees' earnings of December 13: social security tax, \$4,392; Medicare tax, \$1,098; state unemployment tax, \$330; federal unemployment tax, $105. 16 Issued Check No. 424 to Jay Bank for $25,620, in payment of $8,784 of social security tax, $2,196 of Medicare tax, and $14,640 of employees' federal income tax due. 19 Issued Check No, 429 to Sims-Walker Insurance Company for $23,100, in payment of the semiannual premium on the group medical insurance policy. Dec. 27 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: 27 Issued Check No. 541 in payment of the net amount of the biweekly payromio fund the payroll bank acenunt 27 Issued Check No. 541 in payment of the net amount of the biweekly payroll to fund the payroll bank account. 27 Journalized the entry to record payroll taxes on employees' earnings of December 27: social security tax,$4,428; Medicare tax, $1,107; state unemployment tax, $230; federal unemployment tax, $60. 27 Issued Check No. 543 for $20,533 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 invest in a retirement savings account 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 liablity.) Required: 1. Joumalize the transactions on pages 10 and 11 of the journal. Refer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered. 2. On page 12 of the joumal, joumalize the following adjusting entries on December 31 (refer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered): a. Sataries accrued: oporations 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

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