Question

Chapter 11 eBook Car Payroll Accounts and Year-End Entries 1. EX 11.11 BLANKSHEETALGO 2. EX 11.01. ALGO 3. PR 11.05 ALGO 4. PE 11.04. BLANKSHEETALGO. 5. PR.1104. ALGO 6. EX 11 21 The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December of the current year: Salaries Payable 212 Social Security Tax Payable $18,012 213 Medicare Tex Payable 4,740 214 Employees Federal Income Tax Payable 20,230 215 Employees State Income Tax Payable 20.00 216 State Unemployment Tax Payable 3.002 217 Federal Unemployment Tax Payable 218 Retirement Savings Deductions Payable 210 Medical Insurance Payable 55,000 1,013,000 Oncers Sales Expense 1.240.000 Office Series Expense 31000 271,160 7. EX 11 23 EXCEL ALGO 8. PE 1103A 9. EX 1105 10. EX 1104 EXCEL ALGO Dec 2 issued Check No. 410 for $7,000 to say Bonk to invest in a poorament contag bocount for employees. (revious

Answer 1

		Journal Entries
	Date	Particular	Debit($)	Credit($)
1	Dec-02	Retirement saving deduction A/C	7000
		To Cash A/C		7000
		(Payment for employees retirement scheme )
	Dec-02	Social security tax payable	18012
		Medicare tax payable	4740
		Employees federal income tax payable	29230
		To Cash A/C		51982
		(Issued check for the above liabilities)
	Dec-13	Sales salaries expense	87000
		Officers salaries expense	57000
		Office salaries expense	14000
		To Social security tax payable		9480
		To Medicare tax payable		2370
		To Employees federal income tax payable		29230
		To Employees state income tax payable		7110
		To Retirement deduction payable		3500
		To Medical insurance payable		9164
		To Salaries payable		97146
		(To record the biweekly payroll)
	Dec-13	Salaries payable	97146
		To Cash A/C		97146
		(To record the payment of biweekly payroll)
	Dec-13	Payroll tax expense	12850
		To Social security tax payable		9480
		To Medicare tax payable		2370
		To State unemployment tax payable		750
		To Federal unemployment tax payable		250
		(To record payroll tax expense)
	Dec-16	Social security tax payable	18960
		Medicare tax payable	4740
		Employees federal income tax payable	29230
		To Cash A/C		52930
		(Issued check for the above liabilities)
	Dec-19	Medical insurance payable	55000
		To Cash A/C		55000
		(Medical insurance paid)
	Dec-27	Sales salaries expense	84000
		Officers salaries expense	57000
		Office salaries expense	14000
		To Social security tax payable		9300
		To Medicare tax payable		2325
		To Employees federal income tax payable		28365
		To Employees state income tax payable		6975
		To Retirement deduction payable		3500
		To Salaries payable		104535
		(To record the biweekly payroll)
	Dec-27	Salaries payable	104535
		To Cash A/C		104535
		(To record the payment of biweekly payroll)
	Dec-27	Payroll tax expense	12125
		To Social security tax payable		9300
		To Medicare tax payable		2325
		To State unemployment tax payable		375
		To Federal unemployment tax payable		125
		(To record payroll tax expense)
	Dec-27	Employees state income tax payable	42525
		To Cash A/C		42525
		(To record payment of state income tax)
	Dec-31	Retirement savings deduction payable	7000
		To Cash A/C		7000
		( Payment for retirement saving to bank )
	Dec-31	Pension expense	108000
		To Cash A/C		83000
		To Unfunded pension liability		25000
		( 108000 - 83000 )
		(To record payment of pension plan)
2a	Dec-31	Sales salaries expense	8400
		Officers salaries expense	5700
		Office salaries expense	1400
		To Salaries payable		15500
		(To record salaries accrued)
2b	Dec-31	Vacation pay expense	29000
		To Vacation pay payable		29000
		(To record vacation pay accrued)