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Chrome- CengageNOWv2| Online teaching and learning resource from Cengage Learning Secure https:// v2 cengagenov con il n/takeAssignment takeAssignmentMan do??nvoker-assignments&takeAssignmentSessionLocator-assignment-take;&inprogress-false; The tollowing accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year Account No. Account Name Salaries Payable Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable Employees State Income Tax Payable State Unemployment Tax Payable Federal Unemployment Tax Payable Retirement Savings Deductions Payable Medical Insurance Payable Operations Salaries Expense Oficers Salaries Expense onice Salaries Expense Payroll Tax Expense Balance 211 212 213 214 215 216 217 218 219 411 511 512 519 $9,270 2,304 15.480 13,900 1,330 420 $4,000 23,400 930,000 630,000 120,000 136,751 The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December On page 10 of the joumal Dec. 2 ssued Check No. 410 tor $4,000 to Jay Bank to purchase retrement savings bonds for employees Check My Work 5 more Check My Work uses remaining. Previous ssignment Score: 57.81% 5:50

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Date	Account Description	Debit	Credit
2-Dec	Retirement Savings Deductions Payable	4,000.00
	Cash		4,000.00
	(Issued Check No. 410 to Jay Bank)
2-Dec	Employees Federal Income Tax Payable	15,480.00
	Social Security Tax Payable	9,270.00
	Medicare Tax Payable	2,304.00
	Cash		27,054.00
	(Issued Check No. 411 to Jay Bank)
13-Dec	Operation\'s Salaries Expense	40,800.00
	Officers Salaries Expense	27,600.00
	Office Salaries Expense	6,800.00
	Social Security Tax Payable		4,512.00
	Medicare Tax Payable		1,128.00
	Retirement Savings Deductions Payable		2,000.00
	Employees Federal Income Tax Payable		15,040.00
	State Income Tax Payable		3,384.00
	Medical Insurance Payable		3,900.00
	Salary Payable		45,236.00
	(Being Payroll expenses Recorded)
13-Dec	Salary Payable	45,236.00
	Cash		45,236.00
	(Being salary Paid- Issue Check No. 420)
13-Dec	Payroll taxes	6,100.00
	Social Security Tax Payable		4,512.00
	Medicare Tax Payable		1,128.00
	State Unemployment Tax Payable		350.00
	Federal Unemployment Tax Payable		110.00
	(Being Payroll Expenses Recorded)
16-Dec	Social Security Tax Payable	9,024.00
	Medicare Tax Payable	2,256.00
	Employees Federal Income Tax Payable	15,040.00
	To Cash		26,320.00
	(Issued Check No. 424 to Jay Bank)
19-Dec	Medical Insurance Payable	27,300.00
	Cash		27,300.00
	(Issued Check No. 429 to Jay Bank)
27-Dec	Operation\'s Salaries Expense	40,400.00
	Officers Salaries Expense	28,400.00
	Office Salaries Expense	7,000.00
	Social Security Tax Payable		4,548.00
	Medicare Tax Payable		1,137.00
	Retirement Savings Deductions Payable		2,000.00
	Employees Federal Income Tax Payable		15,004.00
	State Income Tax Payable		3,411.00
	Salary Payable		49,700.00
	(Being Payroll expenses Recorded)
27-Dec	Salary Payable	49,700.00
	Cash		49,700.00
	(Being salary Paid)
27-Dec	Payroll taxes	5,960.00
	Social Security Tax Payable		4,548.00
	Medicare Tax Payable		1,137.00
	State Unemployment Tax Payable		205.00
	Federal Unemployment Tax Payable		70.00
	(Being Payroll Expenses Recorded)
27-Dec	State Income Tax Payable	20,695.00
	Cash		20,695.00
	(Issued Check No. 543 to State Department of Revenue,)
30-Dec	Retirement Savings Deductions Payable	4,000.00
	Cash		4,000.00
	(Issued Check No. 545 to Jay Bank )
31-Dec	Pension Expenses	72,000.00
	Cash		54,000.00
	Pension liability		18,000.00
	(To record Pension expesnes)
2
a	Operation\'s Salaries Expense	8,580.00
	Officers Salaries Expense	5,550.00
	Office Salaries Expense	1,400.00
	To Accrued Salaries		15,530.00
b	Vacation Expenses	15,500.00
	To Vacation Payable		15,500.00