1.Employees are paid every Saturday for the preceding work week. If a balance sh

1.Employees are paid every Saturday for the preceding work week. If a balance sheet is prepared on Wednesday December 31st what does the amount of wages earned during the first three days of the week (12/29 12/30 12/31) represent? Explain. What journal entry would be made for the days worked and what entry would be made when the wages are paid on Saturday?