At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $20,000. 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.