ees for the current week's work. The amount of the weekly payroll is $8,000 for a five-day workweek. This year De oyees on January 1 ur 0 Requirements 1. Journalize the adjusting entry needed on December 31 for each of the items affecting Laferty Landscaping. Assume Laferty records adjusting entries only at the end of the year. 2. Journalize the subsequent journal entries for adjusting entries a, d, and g. Print Done More Info Exped ayal a. Each Friday, Laferty pays employees for the current week's work. The amount of the weekly payroll is $8,000 for a five-day workweek. This year December 31 falls on a Thursday Laferty will pay its employees on January 1 b. On January 1 of the current year, Laferty purchases an insurance policy that covers two years $4,000 C. The beginning balance of Office Supplies was $3,400. During the year, Laferty purchased office supplies for $5, 100, and at December 31 the office supplies on hand total $1,100 d. During December, Laferty designed a landscape plan and the client prepaid $9,000. Laferty recorded this amount as Unearned Revenue. The job will take several months to complete and Laferty estimates that the company has earned 40% of the total revenue during the current year e. At December 31, Laferty had earned $2,500 for landscape services completed for Antique Attic Appliances Antique Attic has stated that it will pay Laferty on January 10 f. Depreciation for the current year includes Equipment, $3,600, and Trucks, $1,100 g. Laferty has incurred $600 of interest expense on a $1,000 interest payment due on January 15, rer eck Answ Print Done D 1 87F 2 TOLE 10/23 Requirement 1. Journalize the adjusting entry needed on December 21 for each of the items affecting Laderty Landscaping Assume aferty records ingens only at the end of the yow (Record debts forst, then credits Select the explanation on the last line of the journal otrytale Esch Friday Latorty pays employees for the current woek's work. The amount of the weekly payroll $8,000 for a five-day workweak This your December 3 tison a Thursday Laferty will pay its employees on January 1 Date Accounts and Explanation Debit Credit Dec 31 Salaries Expense 6.400 Sales Payable 6,400