Fighting Irish Incorporated pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 28, 2018, and employees are paid $5,600. The next two-week pay period ends on January 11, 2019, and employees are paid $5,600.

The answer has been attached.

Explanation:

Here is the complete question:

Fighting Irish Incorporated pays it employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 28, 2018, and employees are paid $5,600. The next two-week pay period ends on January 11, 2019, and employees are paid $5,600.

1. Record the adjusting entry on Dec. 31, 2018

2. Record the payment of salaries on Jan. 11, 2019

3. Calculate the 2018 year-end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2018 is $0.

It should be noted that the salaries that were accrued on December 31, 2018 was calculated thus:

Since salary was accrued from Dec 29 to Dec 31, that means it was for 3 days, therefore salaries accrued:

= 3 days × $400

= $1200.

The solution for 1 and 2 have been attached.

3. The 2018 year-end adjusted balance of Salaries Payable will be:

= 0 + $1200

= $1200

trade allows people to focus on one kind of production and trade for their other needs. ( d.)

a.