Instruction Zoey Bella Corp. has a payroll of $5,800 for a five-day workweek. Its employees are paid each Friday for the five-day workweek. Required: Prepare the adjusting entry on December 31 assuming the year ends on Thursday, Refer to the Chart of Accounts for exact wording of account titles General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Prepaid Insurance 51 Advertising Expense 16 Office Building 17 Accumulated Depreciation Office Building 52 Insurance Expense 53 Interest Expense 54 Wages Expense LIABILITIES 55 Supplies Expense 21 Accounts Payable 56 Utilities Expense 22 Notes Payable 57 Depreciation Expense 59 Miscellaneous Expense 23 Unearned Fees 24 Wages Payable 25 Interest Payable 54 Wages Expense LIABILITIES 55 Supplies Expense 21 Accounts Payable 56 Utilities Expense 22 Notes Payable 57 Depreciation Expense 59 Miscellaneous Expense 23 Unearned Fees 24 Wages Payable 25 Interest Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends