For the following, prepare a correcting entry, showing your work. Your final answer must be ONE journal entry. If a problem asks for impact to the financial statements, you must address Revenue/Expense, Net Income, and Assets/Liabilities. 15. Your employer has a Monday-Friday workweek and payroll is distributed each Friday. The year-end fell on a Wednesday. Weekly payroll is $55,000. One of your assistants DR Salaries Expense and CR Salaries Payable for $27,000. What is the correcting entry? If no correcting entry is recorded, how will the financial statements be impacted