I need help with the journal entry, data is attached. Required information In this mini$-$case you will audit and evaluate documents such as HR listings and bank confirmationsin the audit of all of Apollo's payroll accounts. Payroll is typically tested using substantive analytical procedures. For ease your audit teammate has already picked up the PBC schedules and scanned and labeled them into the binder for you. Instructions: Read all memos from your manager and the client, then read the steps in the audit program for payroll found on Work Paper P$-$O and familiarize yourself with work papers P$-1$ through P$-4.$ You will also find some documents from the audit of cash which it will help with your testing. Complete all the steps on the audit program. Be sure to document your work using the designated tick marks. The tick mark legend is located at the bottom of each work paper. Remember that cross$-$references on the left indicate the number is from that document and on the right if the number goes to that document. When you are finished with each workpaper, enter your initials in the box in the top right marked "Prepared By$^\text{'}\text{'},$ When you are finished with the entire workbook rename this document PA$\_$Firstname$\_$Lastname and upload it to D$2$L$.$Detail the auditor suggested adjusting journal entry required to accrue for wages$/$salaries payable. $($Round your final answers o $2$ decimal place.$)$ Journal entry worksheet To record the adjusting entry as suggested by the auditor in order to accrue for wages$/$salaries payable. Note: Enter debits before credits.Date: $7$ FEB $202116$: $37$: $45$ From: "Darlene Wardlaw" Subject: Payroll One area that we haven't looked at yet in detail is payroll. Apollo collects information and forwards it to a third party payroll processing company. We have a type $2$ SOC report, will you please document in the workpapers why that is key to our testing conclusions. I don't think we need to do much, if any detail testing on payroll $-$ maybe just check the bank statements? We can use substantive analytic procedures to get the comfort necessary. Last year's numbers should be close to the current year. Also, the internal auditors have been watehing payroll closely. T've put a copy of the year$-$end payroll register from the third$-$party payroll processing company in the binder. Compare current year numbers to last ycars to see if they are reasonable. You may want to compare key executives' salaries with those authorized in the Board minutes to make sure that they are reasonable. I am sending you the $01/06/2020$ minutes as that is where they approved those. But I also noticed that in the $01/06/2021$ minutes some bonuses were approved. Please decide if those need to be accrued in $2020.$ Don't forget to acerue for wages payable and other payroll aceruals for the last few of days of December if necessary. According to Raina Kwiceien, head of HR$.$ Apollo pays payroll on the $2^$st and $4^$th Fridays of the month. The fourth Friday in December was the $25^$th$.$ December $31,2020$ was a Thursday so there should be an accrual for $6$ days of wages and salaries. You won't need to acerue for State and Federal Unemployment as they are applied only to the first $ $7,000$ of income. DW Thire saasile sere NOT wewpapers. Rallaer they are uaful esenmunitzilias for cenpletieg yaur tas. Dov do ait get a warkpeper raferwace.Larry Lancaster, chairman of the board, presided over the first meeting of the year, beginning at $3$ p$.$M$.$ The meeting was conducted in the boardroom of Apollo's new globul headquarters. All members were present: $*$ Outnide director $**$ Outaide dirocter and member of the andit comrninte. The minutes of the December $16,2019$ meeting were reviewed and approved. Reporting on the annual meeting of shareholders, Mr$.$ Lancaster welcomed the new or reclected board members: Josephine C$.$ Mandeville, Professor of Accountancy and Typing at the Graduate School of Business and Clerical Skills; Ivan W$.$ Gorr, President and CEO of Far More Drugs; Harry R$.$ Baker, Executive Vice President and Treasurer of the Iguana Growers of America Inc, Theodore Horstmann, Minister of Commerce of Anglonesia; and Fritz Brenner, President of The Widget Corporation Mr$.$ Unum presented the forecast for the year, attached. Sales are expected to increase $10$ percent, with costs of goods sold and general expenses bearing about the same relationships as experienced last year. Mr$.$ Lancaster stated, "Well, they better increase by that much, or heads will rollt" Mr$.$ Lancaster's plan to move production to within the company was discussed. Over Mr$.$ Horstmann's vehement disagroement, the board authorized purchase of equipment totaling $ $1,3$ million to facilitate internal prodection of Apollo products by a vote of $6-1.$ Mr$.$ Unum reported that the Company's short$-$term line of credit was refinanced as of February $2,2020$ and rolled into a note payable with the Twenty$-$First National Bank of Maine, due January $1,2021.$ Mr$.$ Brenner moved a declaration of dividends for the year ended the previous December $31.$ The motion died for lack of a second. Mr$.$ Unum moved, and Mr$.$ Lancaster secondod$,$ officers' salary increases of $10$ percent for $2020$ as well as stipends for outside Board Members of $ $90,000$ each. The board approved these salaries and stipends by a $61$ vote: Mr$,$ Lancaster encouraged everyone to watch the $2020$ Super Bowl to watch for Apollo's $15-$second commercial. He noted that the cost of the commercial time rose approximately $10$