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Chrome- CengageNOWv2| Online teaching and learning resource from Cengage Learning Secure https:// v2 cengagenow com n/takeAssignment takeAss?gnmentMain.do?!nvoker-assignments&takeAssignmentSessionLocator-assignment; take&Inprogress-false; CH 11 HW Print Item The tollowing accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the currentyear 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 Operatons Salanies 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 1 more Check My Work uses 1 more Check My Work uses remaining Previous 9:09

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Date Accounts Title Dr Cr 2-Dec Retirement Savings Deduction payable $4,000 Cash $4,000 2-Dec Social Security Tax Payable $9,270 Medicare Tax Payable 2304 Employees Federal Income Tax Payable 15480 Cash $27,054 13-Dec Operations Salaries Expense 40800 Officers Salaries Expense 27600 Office Salaries Expense 6800 Social Security Tax Payable $4,512 Medicare Tax Payable 1128 Employees Federal Income Tax Payable 15,040 Employees State income tax Payble 3,384 Retirement Savings Deduction payable 2,000 Medical insurance payable 3900 Salaries Payable $45,236 13-Dec salaries payable $45,236 Cash $45,236 13-Dec Payroll tax expense 6,100 Social Security Tax Payable $4,512 Medicare Tax Payable $1,128 State Unemployment Tax Payable 350 Federal Unemployment Tax Payable 110 16-Dec Social Security Tax Payable $9,024 Medicare Tax Payable 2256 Employees Federal Income Tax Payable 15040 Cash $26,320 19-Dec Medical insurance payable 27300 Cash 27300 19-Dec Operations Salaries Expense 40400 Officers Salaries Expense 28400 Office Salaries Expense 7000 Social Security Tax Payable $4,548 Medicare Tax Payable 1137 Employees Federal Income Tax Payable 15,004 Employees State income tax Payble 3,411 Retirement Savings Deduction payable 2,000 Salaries Payable $49,700 27-Dec salaries payable $49,700 Cash $49,700 27-Dec Payroll tax expense 5,960 Social Security Tax Payable $4,548 Medicare Tax Payable 1137 State Unemployment Tax Payable 205 Federal Unemployment Tax Payable 70 27-Dec Employees State income tax Payble 20695 Cash 20695 31-Dec Retirement Savings Deduction payable $4,000 Cash $4,000 31-Dec Unfunded Pension Liability $54,000 Cash $54,000 Pension expenses $72,000 Unfunded Pension Liability $72,000 Adjusting entries 2) a Operations Salaries Expense 8580 Officers Salaries Expense 5550 Office Salaries Expense 1400 Salaries payable 15530 b Vacation expenses $15,500 Vacation Payable $15,500