Exercise 3-1 Adjusting and paying accrued wages LO P1 Pablo Management has eight part-time employees, each of whom earns $110 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. Assume that December 28, 2015, was a Friday, and that they were paid in full on that day. The next week, the eight employees worked only four days because New Year's Day was an unpaid holiday. Prepare the adjusting entry that would be recorded on Monday, December 31, 2015 and Friday, January 4, 2016 View transaction list Journal entry worksheet 1 2 Record adjusting entry on Monday, December 31, 2015. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Record adjusting entry on Monday, December 31, 2015. 1 Record payment of the employees' wages on Friday, January 4, 2016 2