Prepare an adjusting entry.

The secretary for Wallace Corporation gets paid $100 per day (including paid holidays). She works five days a week (Monday through Friday). She gets paid the last Friday of the month for days up to and including that day. She was paid for 20 days on Friday January 26. She will get paid next on Friday February 23, 2024.

Current Entry:

Salaries Expense	2,000
Wages Payable		2,000

JANUARY 2024