Yakoot Management has five part-time employees, each of whom earns $250 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on Friday, December 28, 2015. The next week, the five employees worked only four days because New Year's Day was an unpaid holiday. Prepare the adjusting entry that would be recorded on Monday, December 31, 2015 and the journal entry for payment onfriday, January 4, 2016. No Date General Journal 1 Dec 31, 2015 Wages expense Wages payable (Accruals) 2 Jan 04, 2016 Wages expense Wages payable (Accruals) Cash