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Pablo Management has five employees, each of whom earns $250 per day. They are normally paid on Fridays for work completed Monday through Friday of

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Pablo Management has five employees, each of whom earns $250 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the five employees worked Monday December 31 and Wednesday through Friday. January 2, 3, and 4. New Year's Day (January 1) was an unpaid holiday. Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday January 4. 3. How has the introduction of new payment technologies affected velocity? Explain

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