Golden eagle company prepares monthly financial statements for its bank. the november 30 and december 31 adjusted trial balances include the following account information: 30-nov 31-decdebit credit debit creditsupplies $ 2,000 $ 3,500 prepaid insurance $ 8,000 $ 6,000 salaries payable $ 11,000 $ 16,000unearned revenue $ 3,000 $ 1,500the following information also is known: 1. purchases of supplies in december total $4,500.2. no insurance payments are made in december.3. $11,000 is paid to employees during december for november salaries.4. on november 1, a tenant pays golden eagle $4,500 in advance rent for the period november through january. unearned revenue is credited. required: show the adjusting entries that were made for supplies, prepaid insurance, salaries payable, and unearned revenue on december 31.

Alamar petroleum company offers its employees the option of contributing retirement funds up to 5% of their wages or salaries, with the contribution being matched by alamar. the company also pays 80% of medical and life insurance premiums. deductions relating to these plans and other payroll information for the first biweekly payroll period of february are listed as follows: wages and salaries $ 2,800,000 employee contribution to voluntary retirement plan 92,000 medical insurance premiums 50,000 life insurance premiums 9,800 federal income taxes to be withheld 480,000 local income taxes to be withheld 61,000 payroll taxes: federal unemployment tax rate 0.60 % state unemployment tax rate (after futa deduction) 5.40 % social security tax rate 6.20 % medicare tax rate 1.45 % required: prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the biweekly pay period. assume that no employee's cumulative wages exceed the relevant wage bases for social security, and that all employees' cumulative wages do exceed the relevant unemployment wage bases.