Question: please help solve for 1 and 2 Fighting Irish incorporated pays its employees $5,040 every two weeks ( $360/ day). The current two-week pay period

please help solve for 1 and 2

Fighting Irish incorporated pays its employees $5,040 every two weeks ( $360/ day). The current two-week pay period ends on December 28,2024 , and employees are paid $5,040. The next two-week pay period ends on January 11,2025 , and employees are paid $5,040. Required: 1. Record the adjusting entry on December 31,2024 2 Calculate the 2024 year-end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2024 is 50 ). Complete this question by entering your answers in the tabs below. Record the adjusting entry on December 31,2024 . (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) Journal entry worksheet Record the adjusting entry for employee salaries on December 31. Note: Enter debits before credits. Fighting Irish Incorporated pays its employees $5,040 every two weeks ( $360/ day). The current two-week pay period ends on December 28,2024 , and employees are paid \$5,040. The next two-week pay period ends on January 11,2025 , and employees are paid $5,040. Required: 1. Record the adjusting entry on December 31,2024. 2 Calculate the 2024 year-end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2024 is \$0): Complete this question by entering your answers in the tabs below. Calculate the 2024 year-end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2024 is $0 )

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