Yara Clothing (Yara), a retail store at the mall, hires a number of employees to work 7 days a week. Yara owes its employees wages for the period of December 27, 2023 to January 9, 2024 (14 days) for $5,600. The wages owed are equal each day and the employees will be paid on January 11, 2024. Yara prepares annual financial statements and has a December 31 year-end.
a. How much does Yara owe its employees per day?
b. How many days are between December 27, 2023 and December 31, 2023?
c. In order to prepare the annual financial statements, record the adjusting journal entry on December 31, 2023.
d. Record the payment of wages on January 11, 2024.

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December 2023 Sun 6 13 20 27 Mon Tue Wed 7 14 21 1 8 15 December 22 2 q 16 Thu 28 29 30 3 10 17 31 Fri Salary expense incurred 4 11 Sat 5 23 24 25 26 12 18 19 January 2024 Sun 3 10 17 24 31 Mon Tue Wed 4 5 18 19 January 25 26 Payday 6 11 12 13 14 Thu 20 7 21 E 1 00 15 22 27 28 29 Sat 2 9 16 23 30 Salary expense incurred