The following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co: 1. Assuming that the payroll for the last week of the year is to be paid on December 31 , joumalize the following entries (refer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered): a. December 30 , to record the payroil. b. December 30 , to record the employer's payroll taxes on the payroll to be paid on December 31 . Or the total payroll for the last week of the year, $31,000 is subject to unemployment compensation taxes. 2. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the following entries (refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for joumal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered): a. On page 11 of the joumal: December 30 , to record the payroll. b. On page 12 of the joumal: January 5 , to record the employer's payroll taxes on the payroll to be paid on January 5 . Because it is a new fiscal year, all salaries are subject to unemployment compensation taxes. Chart of Accounts CHART OF ACCOUNTS Pharrell Co. General Ledger ASSETS 110 Cash 111 Accounts Receivable 112 Interest Receivable 113 Notes Recelvable 115 Merchandise Inventory 116 Supplies 118 Prepaid Insurance 120 Land 123 Building 124 Accumulated Depreciation-Building 125 Office Equipment 126 Accumulated Depreciation-Oflice Equipment LIABILITIES 210 Accounts Payable 213 Interest Payable 214 Notes Payable 215 Salaries Payable 216 Social Security Tax Payable 217 Medicare Tax Payable 218 Employees Federal Incomie Tax Payable 220 Group Insurance Payable 221 Bond Deductions Payable REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Warehouse Salaries Expense 522 Office Salaries Expense 524 Depreciation Expense-8uilding 525 Delivery Expense 526 Repairs Expense 529 Selling Expenses 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Supplies Expense 535 Payroll Tax Expense 536 Vacation Pay Expense 537 Pension Expense 538 Cash Short and Over 540 Miscellaneous Expense 710 Interest Expense Scroll down to access additional pages of the journal. 1. Assuming that the payroll for the last weok of the yoar is to be paid on December 3 , journalze the following entries (refor to the chart of accounts for the exact wording of the account tilles. CNOW joumals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered): a. December 30 , to record the payroll. b. December 30 , to record the employer's payroll taxes on the payroll to be paid on December 31 . Of the total payroll for the last week of the year, $31,000 is subject to unemployment compensation taxes. Journal PAGE 11 2. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the following entries (refer to the chart of accounts for the exact wording of the account titlos. CNOW joumals do not uso lines for joumat explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will automaticaly indent a credit entry when a credt amount is entered): a. On page 11 of the joumal: December 30 , to record the payroll. b. On page 12 of the joumal: January 5 , fo record the employer's payroll taxes on the payroll fo be paid on January 5 . Because it is a new fiscal year, all salaries are subject to unemployment compensation taxes