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Exercise 3-5 Adjusting and paying accrued wages L.O. C1, P1 Pablo Management has seven part-time employees, each of whom earns $205 per day. They are

Exercise 3-5 Adjusting and paying accrued wages L.O. C1, P1 Pablo Management has seven part-time employees, each of whom earns $205 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on Friday, December 28, 2011. The end of the year, December 31, 2011 falls on a Monday. The next week, the seven employees worked only four days because New Year

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