Whats the debit and credit look


Wages earned from July 1st through December 31st was $480,000. Wages earned between Dec. 15th and Dec 31st amounting to $27,500 was not paid this until Jan 7th.Whats the debit and credit look like for this second question?On January 5th you receive payment from interest earned and accrued in 2012.

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Accounting Basics: Whats the debit and credit look
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