Exercise 3-1 Adjusting and paying accrued wages LO P1 Pablo Management has five part-time employees, each of whom earns $95 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the five employees worked Monday. December 31, and Wednesday trough Friday, January 2, 3, and 4. New Years Day. January 10 was an unpaid holiday 1 Prepare the year-end adjusting entry for wages expenses. 2. Prepare the journal entry to record payment of the employees' wages on Friday. January 4 View transaction list Journal entry worksheet Record adjusting entry on Monday, December 31. Note: Enter debits before credits Date Goneral Journal Debit Credit December 31 Racord entry Clear entry View general journal Next