P$9-4($Static$)$ Recording and Reporting Accrued Liabilities and Deferred Revenue with Discussion of Accrual versus Cash Accounting LO$9-1$

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$[$The following information applies to the questions displayed below.$]$

During its first year of operations, Walnut Company completed the following two transactions. The annual accounting period ends December $31.$

Paid and recorded wages of $$130,000$ during Year $1$; however, at the end of Year $1,$ three days' wages are unpaid and have not yet been recorded because the weekly payroll will not be paid to employees until January $6$ of Year $2.$ Wages for the three days are $$4,000.$

Collected rent revenue of $$2,400$ on December $12$ of Year $1$ for office space that Walnut rented to another company. The rent collected was for $30$ days from December $12$ of Year $1$ to January $10$ of Year $2.$

P$9-4$ Part $1$

Required:

$1.$ With respect to wages, provide the adjusting entry required at the end of Year $1$ and the journal entry required on January $6$ of Year $2.$