Exercise 3-2 Adjusting and paying accrued wages LO P3 Pablo Management has eight employees, each of whom earns $230 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the eight employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day (January 1) was an unpaid holiday Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 December 31 1,840 1,840 Wages expense Wages payable Wages expense Wages payable Cash 5,520 1,840 7,360