The local restaurant, Mommas Haute Cooking, has asked you to help with its bookkeeping. Since you have just completed an introductory accounting course and know exactly what must be done, you agree. The bookkeeping is for the year ending December 31.

During the year Mommas had the following transactions:

Purchased food on credit for $30,000.

At year end, $10,000 in wages were incurred but not paid until the following January.

Taxes on the wages were Federal income $1,200, Social Security of $620 (employee portion) and Medicare taxes of $145 were withheld from employees.

Year estimated income taxes unpaid were $42,850.

The employers share of Social Security and Medicare taxes were $620 and $145, respectively.

Borrowed a 90 day note 9% $25,000 note on December 1^st.

Prepare the entries to record these transactions.