The company pays its employees on the 1st and 15th days of the month. Since January...

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The company pays its employees on the 1st and 15th days of the month. Since January 1st is a holiday, the company paid its employees on December 31st for amounts earned during the last half of December. HI Palms paid $7,000 to its employees on January 15th for work performed during the month of January. Of this amount, $850 had been earned during the last few days of December (See the trial balance). As of the end of the month, the company owes its employees an additional $8,300 for work performed during the month of January. The company pays its employees on the 1st and 15th days of the month. Since January 1st is a holiday, the company paid its employees on December 31st for amounts earned during the last half of December. HI Palms paid $7,000 to its employees on January 15th for work performed during the month of January. Of this amount, $850 had been earned during the last few days of December (See the trial balance). As of the end of the month, the company owes its employees an additional $8,300 for work performed during the month of January.

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