Exercise 3-1 Adjusting and paying accrued wages LO P1 seven 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 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. 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 Journal entry worksheet 312 Record a Prey 1018 Next > ournal entry worksheet Record adjusting entry on Monday, December 31. Date Prev 11of 8EE Next > Journal entry worksheet Record payment of the employees' wages on Friday, January 4. Date Ge Debit Clear entry Next > Brgy. 1 of 8