Cascade Company has four employees. All are paid on a monthly basis. The fiscal year of the business is June 1 to May 31. The accounts kept by Cascade include the following: Account Number Title Balance on June 1 101 Cash $67,600 211 Employee Federal Income Tax Payable 3,560 212 Social Security Tax Payable 5,119 213 Medicare Tax Payable 1,195 218 Savings Bond Deductions Payable 1,275 221 FUTA Tax Payable 568 222 SUTA Tax Payable 3,834 511 Wages and Salaries Expense 0 530 Payroll Taxes Expense 0 The following transactions relating to payrolls and payroll taxes occurred during June and July: June 15 Paid $9,874 covering the following May taxes:            Social Security tax   $5,119        Medicare tax   1,195        Employee federal income tax withheld   3,560   Total   $9,874 30 June payroll:       Total wages and salaries expense   $46,000      Less amounts withheld:              Social Security tax $2,852            Medicare tax 667            Employee federal income tax 3,910            Savings bond deductions 1,275 8,704          Net amount paid   $37,296 30 Purchased savings bonds for employees, $2,550     30 Employer payroll taxes expenses for June were:              Social Security   $2,852          Medicare   667          FUTA   92          SUTA   621   Total   $4,232 July 15 Paid $10,948 covering the following June taxes:              Social Security tax   $5,704          Medicare tax   1,334          Employee federal income tax withheld   3,910   Total   $10,948 31 Paid SUTA tax for the quarter, $4,455     31 Paid FUTA tax, $660

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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: 211 Salaries Payable — 212 Social Security Tax Payable $17,898 213 Medicare Tax Payable 4,710 214 Employees Federal Income Tax Payable 29,045 215 Employees State Income Tax Payable 28,260 216 State Unemployment Tax Payable 2,983 217 Federal Unemployment Tax Payable 942 218 U.S. Saving Bond Deductions Payable 7,000 219 Medical Insurance Payable 54,600 411 Operations Salaries Expense 1,901,000 511 Officers Salaries Expense 1,240,000 512 Office Salaries Expense 316,000 519 Payroll Tax Expense 270,040 The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December: Dec. 2 Issued Check No. 410 for $7,000 to Jay Bank to purchase U.S. savings bonds for employees. Dec. 2 Issued Check No. 411 to Jay Bank for $51,653 in payment of $17,898 of social security…