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Exercise 3-7(Algo) Adjusting and paying accrued wages LO P3 Pablo Management has four...

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Accounting

Exercise 3-7(Algo) Adjusting and paying accrued wages LO P3
Pablo Management has four employees, each of whom earns $85 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the four employees worked Monday, December 31, and Wednesday, Thursday, and Friday, January 2,3, and 4. New Year's Day (January 1) was an unpaid holiday.
Prepare the December 31 year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4.
Journal entry worksheet
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Record the December 31 year-end adjusting entry for wages expense.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[December 31,,,],[,,,],[,,,],[,,,],[,,,]]
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