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Nash Company's weekly payroll, paid on Fridays, totals $4,750. Employees work a 5-day week. Prepare Nash's adjusting entry on Wednesday, December 31 , and the
Nash Company's weekly payroll, paid on Fridays, totals $4,750. Employees work a 5-day week. Prepare Nash's adjusting entry on Wednesday, December 31 , and the journal entry to record the $4,750 cash payment on Friday, January 2. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)
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