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Hickory Park Senior Center has a weekly payroll of $17,500. December 31 falls on Thursday, and Hickory Park Senior Center will pay its employees the

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Hickory Park Senior Center has a weekly payroll of $17,500. December 31 falls on Thursday, and Hickory Park Senior Center will pay its employees the following Monday (January 4) for the previous full week. Assume Hickory Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $540,000. Read the requirements. Requirement 1. Record the adjusting entry for accrued salaries on December 31 . (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Requirements 1. Record the adjusting entry for accrued salaries on December 31 . 2. Post the adjusting entry to the accounts involved, and show their balances after adjustments. 3. Record the journal entry for payment of salaries made on January 4

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