At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $15,000. Employees have been paid for work done up to December 27, but the $1,200 they have earned for December 28 to 31 has not yet been paid or recorded. Required: 1. Prepare the adjusting journal entry on December 31. 2. Post the beginning balances and adjusting entries to the following T-accounts. Debit Beginning Balance Ending Balance Salaries and Wages Payable Salaries and Wages Expense Debit Credit 1,500 X Beginning 0 Balance Adjusting 0 1,200 1,500 Ending Balance 1,200 Credit