Baker Construction, Inc. pays its employees each Friday for the work they performed that week. Baker's employees only work on Monday through Friday. They do not work on Saturday or Sunday. Baker produces monthly financial statements; thus they prepare adjusting entries at the end of each month. For the month of June, the last payday was on Friday June 25m. The last day of June was on Wednesday June 30. The first payday of July was on Friday July 2ned. The following partial calendar shows these days and dates: The following table shows the amount the employees were paid on Friday June 25th and on Friday July 2no. The table also shows the data required to calculate the amount the employees earned for the last three workdays of June. Wages paid on Friday, June 25m $6,200 Wages paid on Friday, July 2nd Data for June 28,29,&30 - the last three days worked in June: Number of employees working each day ............ 10 employees per day Hours each employee worked per day .8 hours per day Hourly wage rate $16 per hour Chapter 7 -Adjusting Entries SOLID FOOTING 91 Problem 7-6 (continued) The following is a partial list of the accounts in Baker's General Ledger. These are the only accounts you need for this problem. D Cash Wages Payable Wages Expense Problem 7-6 (continued) The following is a partial list of the accounts in Baker's General Ledger. These are the only accounts you need for this problem. Cash D Wages Payable Dages Expense Use the forms on Tab 76 in the Excel file Problem 7-1 to 7-8 Forms to complete this problem. Requirement 1 Prepare the General Journal entry to record the wage payment made to the employees on Friday June 25m. Requirement 2 Calculate the total amount the employees earned for: Monday June 28m+ Tuesday June 29m+ Wednesday June 30m. Requirement 3 Prepare the June 30 General Joumal adjusting entry for Wages Payable. Requirement 4 Prepare the General Journal entry to record the wage payment made to the employees on Friday July 2nd. Hint: A portion of the wage payment is paying-off the Wages Payable liability that was recorded in the June 30m adjusting entry, and a portion of the wage payment is Wages Expense for the month of July