1.25 pts SCC's fiscal year-end is December 31. At the end of the year, it owed employees wages of $2.000 that will be paid on January 5, the following year when ABC processes payroll and pays $7.000 Required: 1. Prepare an adjusting entry this year to record accrued salanes a reversing entry on January the next year, and an entry to record the payment of wages on January next year. 2. Prepare journal entries to record the accrued salaries on December 31. this year and the payment of salaries on January 5 next year, assuming a reversing entry is not recorded. Edit View Insert Format Tools Table TSEE T OP 12pt Paragraph 1 1 pts U Question 7