Requirement $1.$ Journalize the adjusting entry needed on December $31$ for each of the items affecting Laughton Legal Services Landscaping. Assume Laughton Legal Services 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, Laughton Legal Services pays employees for the current week's work. The amount of the weekly payroll is $$6,500$ for a five$-$day workweek. This year, December $31$ falls on a

Thursday. Laughton Legal Services will pay its employees on January $1.$

b$.$ On January $1$ of the current year, Laughton Legal Services purchases an insurance policy that covers two years, $$5,500.($When the policy was purchased on January $1,$ assume that

Laughton Legal Services debited an asset account.$)$