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 $9,280 213 Medicare Tax Payable 2,302 214 Employees Federal Income Tax Payable 15,430 215 Employees State Income Tax Payable 13,912 216 State Unemployment Tax Payable 1,340 217 Federal Unemployment Tax Payable 480 218 Bond Deductions Payable $3,400 219 Medical Insurance Payable 22,200 411 Operations Salaries Expense 920,000 511 Officers Salaries Expense 640,000 512 Office Salaries Expense 160,000 519 Payroll Tax Expense 136,551 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 $3,400 to Jay Bank to purchase U.S. savings bonds for employees. 2 Issued Check No. 411 to Jay Bank for $27,012 in payment of $9,280 of social security tax, $2,302 of Medicare tax, and $15,430 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 $42,400 Officers 26,000 Office 6,800 $75,200 Deductions: Social security tax $ 4,512 Medicare tax 1,128 Federal income tax withheld 15,040 State income tax withheld 3,384 Savings bond deductions 1,700 Medical insurance deductions 3,700 29,464 Net amount $45,736 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, $115. 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 $25,900 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 $42,000 Officers 26,800 Office 7,000 $75,800 Deductions: Social security tax $ 4,548 Medicare tax 1,137 Federal income tax withheld 15,004 State income tax withheld 3,411 Savings bond deductions 1,700 25,800 Net amount $50,000 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, $4,548; Medicare tax, $1,137; state unemployment tax, $210; federal unemployment tax, $70. 27 Issued Check No. 543 for $20,707 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 $3,400 to purchase U.S. savings bonds for employees. 31 Paid $60,000 to the employee pension plan. The annual pension cost is $80,000. (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, $8,590; officers salaries, $5,560; office salaries, $1,450. The payroll taxes are immaterial and are not accrued. B. Vacation pay, $15,000.