On Friday of each week, Knife Company pays its factory personnel weekly wages amounting to $48,000 for a five-day work week Prepare the necessary adjusting entry at vear end, assuming December 31 falls on Thursday. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry* for the account titles and enter o for the amounts.) How does the journal entry in (a) affect the trial balance? Total debits total credits