At December 31, 2021, Oriole Company made an accrued expense adjusting entry of $ 1,730 for salaries. On January 4 2022, it paid salaries of $ 3,060: $ 1,730 for December salaries and $ 1,330 for January salaries. Prepare the December 31 adjusting entry. (Credit account titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec 31 To accrue salaries at year end) Prepare the December 31 closing entry for salaries. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31 (Closing entry) Prepare the January 1 reversing entry and the January 4 journal entry to record the payment of salaries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Jan 1 Debit Credit To reverse Dec 31 accrual) Jan. 4 (To record Jan. 4 payment of salary) Indicate the balances in Salaries Payable and Salaries Expense after posting these entries. Salaries Expense Date Explanation Ref Debit Credit Balance Det Accrual 31 31 Closing entry Jan Reversing 1 entry Payment of salary Salaries Payable Debit Credit Balance Date Explanation Ref Accra Dec 31 Jan Reversing 1 entry