Hancock Inc. utilizes reversing journal entries in accounting for accrual adjustments. Salaries earned for the three-day period ending December 31 are $7,600, which will be paid in the following year. When Hancock salaries are paid, they are recorded as salaries expense. Required a. Record the adjusting journal entry at year-end. b. Record the reversing entry to be recorded on January 1 of the following year. c. Record the payment of salaries in January of the following year