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Exercise 3-1 Adjusting and paying accrued wages LO P1 Pablo Management has seven part-time employees, each of whom earns $135 per day They are paid

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Exercise 3-1 Adjusting and paying accrued wages LO P1 Pablo Management has seven part-time employees, each of whom earns $135 per day They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the seven employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day. (January 1) was an unpaid holiday points 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. x Answer is not complete. No Date General Journal Debit Credit December 31 Wages expense 945 Wages payable 945 2 January 04 Wages expense Wages payable 945 Cash

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