Pablo Management has five part-time employees, each of whom earns $240 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on Friday, December 28. The next week, the five employees worked only four days because New Years Day was an unpaid holiday. Prepare the adjusting entry that would be recorded on Monday, December 31 and Friday, January 4.

Record adjusting entry on Monday, December 31.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
December 31

Record payment of the employees' wages on Friday, January 4.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
January 04