Required: 1. Assuming that the payroll related to the first full weok of the year and was paid on January 7 , journalize the following entries: a. January 7 , to record the payroil. b. January 7 , to record the employer's payroll taxes on the payroll for the first weok of the year. Since it is a now fiscal year, all $652,000 in salaries is subject to unemployment compensation taxes. 2. Assuming that the payroll related to the last woek of the year and was paid on December 31 , journalize the following ontries: a. December 31, to record the payroll. b. December 31, fo record the employer's payroll taxes on the payrall for the last week of the year. Of the total payroll for the last week of the year, $44,000 is subject to unemployment compensation taxes. 1. Assuming that the payroll related to the first full week of the year and was paid on January 7 , journaite the following enarios: a. January 7 , to record the payroll. b. Januay 7, to rocord the employer's payroil taves on the payroll for the first week of the year. Since it is a new fiscal yoar, al 5652,000 in salaries is subjoct to unemployment compensation taves. 2. Assuming that the payroll related to the last week of the year and was pald on December 31, journalize the following entries: a. December 31 , to rocord the payroll. b. December 31 , to record the employer's payroll taxes on the payroll for the last week of the year. Or the total payroll for the last week of the yoar, $44,000 is subject to unemployment compensation taxes. PACE IT