If ABC Corporation owes it workers $4300.15 on Dec. 31, but this will be paid on 7 Jan of the following year, give the needed adjusting entry No adjusting entry is needed until 7 Jan Dec 31 Dr Cash, Cr Accounts payable 5430015 O Dec 31 Dr Wages Expenser Cash S4300.15 O Dec 31 Dr Wages Expense C Wapes Payable 5430015 Jan 7 Wages Expense, Cash $4300.15