Problem 3-Adjusting and Reversing Entries Employees at Wallstrom Company are paid every Friday for the five-day week ending on that day. Salaries amount to $5,000 per wook. December 31 is a Wednesday, Instructions a Prepare the necessary adjusting entry at December 31, 2020. b. If the company chooses to use reversing entries, on what date would it make the entry and what is the journal entry? c. Assuming that the company made the reversing entry in (b), what would be the journal entry on Friday, January 2 for payroll? d. Assuming that the company opts not to use reversing entries, what would be the journal entry on January 2 for payroll