A company pays its employees $7,700 every two weeks ($550/day). The current two-week pay period ends on December 26, 2024, and employees are paid $7,700. The next two-week pay period ends on January 9, 2025, and employees will be paid $7,700. Record the adjusting entry on December 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the adjusting entry on December 31, 2024. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit