QS 3-12 Preparing adjusting entries (annual) accrued salaries expense L04 Yara Clothing (Yara), a retail store at the mail, hires a number of employees to work 7 days a week. Yara owes its employees wages for the period of December 27, 2020 to January 9, 2021 (14 days) for $5,600. The wages awed are equal each day and the employees uill be paid on January 11, 2021. Yara prepares annual financial statements and has a December 31 year-end

. a. How much does Yara owe its employees per day?

b. How many days are between December 27. 2020 and December 31, 2020?

c. In order to prepare the annual financialstatements, record the adjustingjournal entry an December 31, 2020.

d. Record the payment of wages on January Il, 2021.