Green Park Senior Center has a weekly payroll of $10,000. December 31 falls on Thursday, and Green Park Senior Center will pay its employees the following Monday (January 4) for the previous full week. Assume Green Park Senior Center has a five day workweek and has an unadjusted balance in Salaries Expense of $510,000. 

Requirements 

1. Record the adjusting entry for accrued salaries on December 31. 

2. Post the adjusting entry to the accounts involved and show their balances after adjustments. 

3. Record the journal entry for payment of salaries made on January 4.