Employees are paid every Saturday for the preceding work week. If a statement of financial position is prepared on Wednesday,

December $31,$ what does the amount of salaries and wages earned by employees the first three days of the week $(\frac{12}{29},\frac{12}{30},\frac{12}{31})$

represent? Explain.

B

$I$

$U_{?}$

$T_2$

$T^2$

$I_{{?}_{?}}(x)$