Fighting Irish Incorporated pays its employees $5,040 every two weeks ($360/day). The current two-week pay period ends on December 28, 2021, and employees are paid $5,040. The next two-week pay period ends on January 11, 2022, and employees are paid $5,040. Required: 1. Record the adjusting entry on December 31, 2021, 2. Calculate the 2021 yearend adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2021 is $0). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record the adjusting entry on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list View journal entry worksheet No 1 Date December 31, 2021 General Journal Salaries Expense Salories Payable Required 2> Debit Credit 4,680 4,680