Exercise 3-2 Adjusting and paying accrued wages LO P3 Pablo Management has seven employees, each of whom earns $165 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. Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4. Journal entry worksheet Record the year-end adjusting entry for wages expense. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Journal entry worksheet 1 2 Record payment of the employees' wages on Friday, January 4. Note: Enter debits before credits. Date General Journal Debit Credit January 04