QUESTION 5 Myers & Briggs, Inc. pays its employees weekly on Fridays. Employees work a 5-day week, Monday through Friday. When the company prepares its quarterly financial statements on June 30, which is a Tuesday, employees have worked two days for which they have not yet received payment. Total wages for those two days are $96,000. For the journal entries below, use the following account abbreviations: CASH = Cash; UNREV = unearned revenue; WP = Wages Payable; PRE = Prepaid wages; WEXP = Wage expense. Note: in part b, two accounts are debited. Enter these in alphabetical order, for example, CASH before PRE. Show the adjusting journal entry Myers & Briggs must record on June 30. Debit: Credit: On Friday, July 3, Myers & Briggs makes its next payroll payment of $240,000. Show the journal entry to record this payment. Debit: Debit: Credit