Transaction and adjustment data for Ortiz Company for the calendar year end is as follows:

1.		December 24 (initial salary entry): $15,000 of salaries earned between December 1 and December 24 are paid.
2.		December 31 (adjusting entry): Salaries earned between December 25 and December 31 are $4,500. These will be paid in the January 8 payroll.
3.		January 8 (subsequent salary entry): Total salary payroll amounting to $7,000 was paid.

Prepare journal entries assuming that the company does not use reversing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 24
	(To record initial entry.)
Dec. 31
	(To record adjusting entry.)
Dec. 31
	(To record closing entry.)
Jan. 8
	(To record subsequent entry.)

SHOW LIST OF ACCOUNTS

Prepare journal entries assuming that reversing entries are utilized by the company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 24
	(To record initial entry.)
Dec. 31
	(To record adjusting entry.)
Dec. 31
	(To record closing entry.)
Jan. 1
	(To record reversing entry.)
Jan. 8
	(To record subsequent entry.)