Natalie's Bakery pays its 20 hourly employees every Friday. Each of Natalie's employees earns a wage of

Question:

Natalie's Bakery pays its 20 hourly employees every Friday. Each of Natalie's employees earns a wage of $10 per hour and works 35 hours per week, spread evenly from Monday through Sunday. During the current year December 31 falls on a Tuesday.
Required:
Given this information, determine the adjusting journal entry that Natalie's Bakery must make on December 31.