Payroll Accounts and Year-End Entries The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year: ed during December: Dec. 2 Issued Check No. 410 for $6,000 to Jay Bank to invest in a retirement savings account for employees. Dec. 2. Issued Check No. 410 for $6,000 to Jay Bank to invest in a retirement savings account for employees. 2. Issued Check No, 411 to Jay Bank for $44,086 in payment of $15,276 of social security tax, $4,020 of Medicare tax, and $24,790 of employees' federal income tax due. 13 Journalized the entry to record the biweekly payroli. A summary of the payroll record follows: 13 Issued Check No. 420 in payment of the net amount of the biweeldy payrol to fund the payroll bank account. 13 Issued Check No. 420 in payment of the net amount of the biweekly payroll to fund the payroll bank account. 13 Joumalized the entry to record payroll taxes on employees' earnings of December 13: social security tax, $8,040; Medicare tax, $2,010; state unemployment tax, $640; federal unemployment tax, $210. 16 Issued Check No, 424 to lay Bank for $44,890, in payment of $16,080 of social security tax, $4,020 of Medicare tax, and $24,790 of employees' federal income tax due. 19 Issued Check No. 429 tarsims-Walker Insurance Company for $46,600, in payment of the 5 miannual premium on the group medical insurance policy. 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 payroll to fund the payroll bank account. 27 Journalized the entry to record payroll taxes on employees' earninos of December 27 : social security tax, $7,920; Medicare tax, $1,980; state unemployment tax, $320; federal unemployment tax,$105. 27 Issued Check No. 543 for $36,090 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 $6,000 invest in a retirement savings account for employees. 31 Paid $70,000 to the employee pension plan. The annual pension cost is $91,000. (Record both the payment and unfunded pension liability.) Required: 1. Joumalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. For December 16 th transactions. (a.) record the payroll and (b.) payment of salaries. For December 30 th transactions, (a.) record the payroll, (b.) payment of salaries, (c.) record the taxes, and (d.) payment of taxes. 13 (a.) ssignment/takeAssignmentMain.do?invoker=\&takeAssignmentSessionLocator=\&inprogress=false eBook 13-Taxes 16-Taxes eBook 27 (b.) 27 (c.) 27 (d.) 31-Bonds 2a. Joumalize the following adjusting entry on December 31. Salaries accrued: operations salaries, $7,300; officers salaries, $4,700; office salaries, $1,200, The payroll taxes are immaterial and are not accrued. For a compound transaction, if an amount box does not require an entry, leave it blan? 2b. Journalize the following adjusting.entry on December 31 : Vacation pay, $24,500. 2a. Joumalize the following adjusting entry on December 31 . Salaries accrued: operations salaries, $7,300; officers salaries, $4,700; office salaries, $1,200. The payroll taxes are immaterial and are not accrued. For a compound transaction, if an amount box does not require an entry, leave it blank. 2b. Journalize the following adjusting entry on December 31: Vacation pay, $24,500