Adjusting And Reversing Entries 543593

Bentley records adjusting entries on December 31 year end. At December 31, employees had earned $21,500 of unpaid and unrecorded salaries. The next payday is January 3, during which $49,000 will be paid. Prepare the journal on January 3 to record payment assuming the correct adjusting and reversing entries were made on December 31 and January 1.