A company pays its employees $7,700 every two weeks ($550/day). The current two-week pay period ends on December 26, 2021, and employees are paid $1,700. The next two-week pay period ends on January 9, 2022, and employees will be paid $7,700 Record the adjusting entry on December 31, 2021. (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 Record the adjusting entry on December 31, 2021. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021