Question: Flagg records adjusting entries at its December 3 1 year - end. At December 3 1 , employees had earned $ 8 , 8 0

Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $8,800 of unpaid and unrecorded salaries. The next payday is January 3, at which time $22,000 will be paid. Prepare the journal entry on January 3 to record payment assuming the adjusting and reversing entries were made on December 31 and January 1.

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