A company's policy is to pay its employees every Friday. Since December 31 fell on a Wednesday, there was an accrued liability for salaries amounting to $4.000. The payroll for the balance of the week, ending January 2 of the following year amounted to $3.200. The journal entry to record the payment of the payrol to its employees on Friday January 2nd should be Multiple Choice Debit Wages Expense $3,200 Credit Cash $3,200 Debit Wages Expense $8,000 Credit Cash $8,000. Debit Cash $8,000 Credit: Wages Payable $4,800 Credit Wages Expense $3,2001 Debit: Wages Payable: $4,800 Debit Wages Expense $3,200 Credit Cash $8,000 Next >