Pablo Management has five part-time employees, each of whom earns $250 per day. They are 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.

1. Prepare the year-end adjusting entry for wages expenses.

2. Prepare the journal entry to record payment of the employees' wages on Friday, January 4.

Journal entry worksheet 2 Record adjusting entry on Monday, December 31 Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2017 Record entry Clear entry View general journal Journal entry worksheet 2 Record payment of the employees' wages on Friday, January 4. Note: Enter debits before credits. Date General Journal Debit Credit January 4, 2018 Record entry Clear entry View general journal