Landscaping has collected the following data for the December 31 adjusting? entries:LOADING...?(Click the icon to view the independent? cases.)Read the requirementsLOADING....Question content area bottomPart 1Requirement 1. Journalize the adjusting entry needed on December 31 for each of the items affecting Lovely Landscaping. Assume Lovely records adjusting entries only at the end of the year. ?(Record debits? first, then credits. Select the explanation on the last line of the journal entry? table.)a. Each? Friday, Lovely pays employees for the current? week's work. The amount of the weekly payroll is $ 6 comma 500 for a? five-day workweek. This year December 31 falls on a Wednesday. Lovely will pay its employees on January 2.DateAccounts and ExplanationDebitCreditDec. 31