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ng: Umbridge Inc. has a calendar year-end. The following information is available regarding employee wages: Its employees earn wages of $2,000 each day for their

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ng: Umbridge Inc. has a calendar year-end. The following information is available regarding employee wages: Its employees earn wages of $2,000 each day for their five-day workweek. Umbridge pays its employees $10,000 every Friday. As of the end of Monday, Dec 31, its employees had worked a total of one day for which they have not yet been paid. On January 4, the employees were paid a total of $10,000. Required: In the general journal below, prepare the adjusting entry needed on Dec 31, 20X1 as well as the regular journal entry to record wages paid on Jan 4, 20X2 Remaining: ninder: Do not use symbols, decimals, commas, or Its in your numerical responses. 54:50 Account Name: Debit Credit Date 12/31/X1 1/4/X2 4h

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