Pool Company paid the weekly payroll on January 2 by debiting Wages Expense for $40,000....

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Accounting

Pool Company paid the weekly payroll on January 2 by debiting Wages Expense for $40,000. The
accountant preparing the payroll entry overlooked the fact that Wages Expense of $24,000 had been
accrued at year end on December 31. The correcting entry is
Select one:
t. Cash
16,000
Wages Expense
Wages Payable
Wages Expense
Wages Payable
Cash
. Cash
Wages Expense
16,000
24,000
24,000
24,000
24,000
24,000
24,000
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