The following information about the payroil for the week ended December 30 was obtained from the records of Pharrell Co.: Rhoquired: 1. Assuming that the payrou for the last neek of the year is to be paid on Docsmbor 31 , foumaliee the following sntrias fruter fo the chant of a. December 30. to rucord the payroll. Year, 531.000 in subioct 19 unomploymont componsabion fakes 2. Astuming fiat the paryol for the lat witok of the yewr is to be paig on January f of iffe foitowing fiscai year. joumaline ithe folowirg entine 4. Oapage if of Wie Frumat Decomber ac, to focord the parrodt. CHART OF ACCOUNTS Pharrell Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Accounts Receivable 610 interest Revenue 112. Interent Recelvable 113 Notes Receivable EXPENSES 115 Merchandise inventory 510 Cost of Merchandise Sold 116 Supplies 520 Sales Salaries Expense 118 Prepaid insurance 521 Warehouse Salarios Expense 120 Land 522 Orice Salaries Expense 123 Bullding 524 Depreciation Expense Bulding 124 Accumulated Depreciation-Bulling 525 Delvery Expense 125 Office Equipment 526 Repairs Expense 126 Accumulated Depreciation-Otice Equipment 529 Selling Expenses 531 Rent Expense LAABLTIES 532 Depreciation Expense- Ot ce Equiprnent 210 Accounts Payable 533 insurance Expense 213 Interest Payable 534 Supples Expense: 214 Notes Payable 535 Payroll Tax Expense : 215 Salaries Payabie 538 Vacation Pay Expense. 216 Social Secuinty Tax Payable 537 Pension Expense 217 Modicase Tax Payable 538 Cath Short and Over 218 Employoes Foderni income Tix Payable 540 Miscellanecus Expensio 220 Group insurance Payable 710 intarest Expenve 221 Bond Deductions Payable 222 Retirement Savinga Payable 224 Foderal Unemplicyment Tax Payable 225 State Unemployment Tax Payable 225 Vacation Pay Payatie 227 Untunded Penaion Linblity 1. Assuming that the payrod for the Last week of the year is to be paid an Decembor 312 joumalize the folowing entries frefer fo the chart of accounts for the exact wording of the account titles. CNOW joumals do not use ines for joumal axptanations. Every line ont a journal page is uscd for debit or credt entries. CNOW journals wil automaticitly indent a crect entry when in credt armount is anterod): a. December 30 . to rocond the payroll. b. Decernber 30, to fecord the employers payroil taxes on the payroll to be paid on Decenber 3 t. Or the fotal payrear for the last weok of the yoar, $33,000 is subject to unevipioyment compensabion taves. 2. Assumving that the payroll for the iast week of the year is to bo paid on Jarluary 5 of the following focal yeac, jaumalte the fofowing entrias. (peter to the char of accounts for the exact wording of the acoount tiles. CNOW joumats do not use ines for joumal explanafions. Every ine an a jounal page is used for debe or crede entries. CNOW joumals will mutomatcally indent a credit entry when a credi amount is entered: a. On poge if of the journat December 30 , to recond the payroll b. On pege the of the joumat Januay 5, to record the amployer paynot tuxes on the paynoe to be paid on danuary 5. Becaise If is a naw focat year, all salmes are subject io unomployment compensation tiues