ABC Ltd pays its employees monthly in arrears. The monthly salaries are $236,820. At the end of the 2020, all salaries had been paid except half of the December 2020 salary.

Required:

Show entries for the year ended 31^stDecember 2020:

1. To record the outstanding December salary.
2. As they would appear in the Statement of Profit and Loss.
3. As they would appear in the Statement of Financial Position.