Dresser Company’s weekly payroll, paid on Fridays, totals $9,470. Employees work a 5-day week. Prepare Dresser’s adjusting entry on Wednesday, December 31, and the journal entry to record the $9,470 cash payment on Friday, January 2. [COLOR=#ff0000](Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)[/COLOR]

First you have to calculate 3 days of wages. So take your $9,470 times 3/5, which will be your adjusting entry amount. Your accounts will be Wages Expense and Wages Payable.

For the actual payment of wages your accounts will be Cash for 5 days of wages, wages Expense for 2 days of wages(Thur and Fri), and Wages Payable for 3 days of wages(Mon - Wed)