Concord Company's weekly payroll, paid on Fridays, totals $5,800. Employees work a 5-day week. Prepare Concord's adjusting entry on Wednesday, December 31 , and the journal entry to record the $5,800 cash payment on Friday, January 2 . (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 O for the amounts. List all debit entries before credit entries.)