Silicon Chip Company's fiscal year-end is December 31. At the end of 2021, it owed employees $24,000 in salaries that will be paid on January 7, 2022.

Required:

1.Construct an adjusting entry to record accrued salaries, a reversing entry on January 1, 2022, and an entry to record the payment of salaries on January 7, 2022. There should be three entries in your answer.