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he following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co. 2. Assuming that the payroll

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he following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co. 2. Assuming that the payroll for the last week of the year is to be paid on lanuary 5 of the following fiscal year, joumalize the following entries (reler to the chart of accounts for the exact wording of the account sibes. CNOW joumats do not use hines for foumal explanations. Every line on a journal page is used for debit or credit entries. CNOW joumals wil automabically indent a credi entry when a crecit amount is entered): a. On page 11 of the journal: December 30 , to rocord the payrail. b. On page 12 of the joumal: January 5 , to record the employer's payroll faxes on the payroll to be paid on January 5 . Because it is a new fiscal year, all salaries are subject to unemployment compensation taxes

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