On December 31, 2021, $700 of salaries has been accrued. (Salaries before accrued amount totaled $29,000.) The next payroll to be paid will be on February 3, 2022, for $7,500. Do the following:
a. Journalize and post the adjusting entry (use T accounts).
b. Journalize and post the reversing entry on January 1, 2022.
c. Journalize and post the payment of the payroll. Cash has a balance of $16,000 before the payment of payroll on February 3, 2022.