1) PC Company has a daily payroll of $1,500, five days a week. The employees are paid every Friday for that week's wages. PC Company prepares financial statements for the period ending Wednesday July 31, and the employees were paid $7,500 on Friday August 2. What is the journal entry on August 2, assuming the appropriate adjusting entry was made on July 31?

A. Cash 7500 Prepaid wages 4500 Unearned wages 3000

B. Wage expense 3000 Unearned wages 4500 Cash 7500

C. Wage expense 7500 Cash 7500

D. Prepaid wages 4500 Wage expense 3000 Cash 7500

E. Wage expense 3000 Wages payable 4500 Cash 7500