Assum e tha t Bes t Bu y mad e a Decembe r 3 1 adjustin g entr y t o debi t Salarie s an d W age s

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Assum e tha t Bes t Bu y mad e a Decembe r 3 1 adjustin g entr y t o debi t Salarie s an d W age s Expense and credit Salaries and Wages Payable for $4,200 for one of its departments. On January 2, Best Buy paid the weekly payroll of $7,000. Prepare Best Buy’s (a) January 1 reversing entry; (b) January 2 entry (assum- ing the reversing entry was prepared); and (c) January 2 entry (assuming the reversing entry was not prepared).