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Dresser Company's weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day...

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Accounting

Dresser Company's weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day week. Prepare Dresser's adjusting entry on Wednesday, December 31, and the journal entry to record the $8,000 cash payment on Friday, January 2.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)
Date
Account Titles and Explanation
Debit
Credit
image

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