December 31 The final pay period of the year will not be paid to employees until January 3, 2018. The company will accrue the wages for the final pay period only. Since the pay period is complete, there will not be a reversing entry for the accrual. As a result, paychecks will not be Issued for this pay period since they will be paid in the following year and reflected on the Employee Earnings Record forms for each employee when paid. The remainder of the employer libllity will be paid with the final filing for the year. The company pays for the day of Christmas and the day after for 2017. Employees will be paid for both Monday and Tuesciay as holiday pay. Employees worked extra hours on Saturday during the week of 12/2412/30. Reminder, holidays and vacations are not included as hours worked for calculation of overtime. - Complete the Employee Gross Pay tab. - Complete the Payroll Register for December 31. - Complete the General Journal entries for the December 31 payroll. - Update the General Ledger with the ending ledger balances from the December 15 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledget. Complete the cavroil reaister for the December 11 aay oeriod. (Round vour arswers to 2 desimal oleces.i Complete the question by filling in all answers in the tabs below. Compste the gross earnings for regular, overtime, and holiday pay for each employee for the Docember 31 pay peniod. Remember that while an hourly rate is shown for all employees, the period pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year, which should then be split between the number of hours considered regular time and holiday time. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimels.) December 31 The final pay period of the year will not be paid to employees until January 3, 2018. The company will accrue the wages for the final pay period only. Since the pay period is complete, there will not be a reversing entry for the accrual. As a result, paychecks will not be Issued for this pay period since they will be paid in the following year and reflected on the Employee Earnings Record forms for each employee when paid. The remainder of the employer libllity will be paid with the final filing for the year. The company pays for the day of Christmas and the day after for 2017. Employees will be paid for both Monday and Tuesciay as holiday pay. Employees worked extra hours on Saturday during the week of 12/2412/30. Reminder, holidays and vacations are not included as hours worked for calculation of overtime. - Complete the Employee Gross Pay tab. - Complete the Payroll Register for December 31. - Complete the General Journal entries for the December 31 payroll. - Update the General Ledger with the ending ledger balances from the December 15 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledget. Complete the cavroil reaister for the December 11 aay oeriod. (Round vour arswers to 2 desimal oleces.i Complete the question by filling in all answers in the tabs below. Compste the gross earnings for regular, overtime, and holiday pay for each employee for the Docember 31 pay peniod. Remember that while an hourly rate is shown for all employees, the period pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year, which should then be split between the number of hours considered regular time and holiday time. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimels.)