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Silicon Chip Company's fiscal year-end Is December 31. At the end of 2021, it owed employees $25,000 in salaries that will be paldon January 7,

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Silicon Chip Company's fiscal year-end Is December 31. At the end of 2021, it owed employees $25,000 in salaries that will be paldon January 7, 2022 Required: 1. Prepare 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet

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