The following information concerns the adjusting entries for Wize Inc. on December 31, 2020. Assume that no adjusting entries had been recorded yet

a. The company pays its 14 employees bi-weekly. The last pay day was Friday December 25th, and salaries have not been recorded or paid after that date. Each employee works 8 hours per day from Monday to Friday and earns $20 per hour. The company is closed on New Years Eve and New Years Day but employees are still paid their salaries for those days. The following pay day is January 8th