Exercise $3-7($Algo$)$ Adjusting and paying accrued wages LO P$3$

Pablo Management has nine employees, each of whom earns $$180$ per day. They are paid on Fridays for work completed Monday

through Friday of the same week. Near year$-$end, the nine employees worked Monday, December $31,$ and Wednesday, Thursday, and

Friday, January $2,3,$ and $4.$ New Year's Day $($January $1)$ was an unpaid holiday.

Prepare the December $31$ year$-$end adjusting entry for wages expense and record payment of the employees' wages on Friday,

January $4.$

Journal entry worksheet