A company pays its employees $7700 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 $7700. 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