Consider the following journal entry:

Wages Expense $130$

Wages Payable $80$

Cash $50$

Which ONE of the following statements correctly describes the transaction that resulted in this journal entry being made?

Wages were $130,$ of which $80$ was paid in cash and $50$ will be paid next year.

Wages were $130,$ of which $50$ was paid in cash and $80$ was paid last year.

Wages were $130,$ of which $50$ was paid in cash and $80$ will be paid next year.

Wages were $80,$ of which $50$ was paid in cash and $130$ will be paid next year.