For the past 3 years, Gainsville Co. has failed to accrue unpaid wages earned by workers during the last week of the year. The amounts omitted, which are considered material, were as follows:

December 31, Year 1 $56,000

December 31, Year 2 51,000

December 31, Year 3 64,000

The entry on December 31, Year 3, to correct for these ommissions would include -

Credit to wage expense for $64,000

Credit to retained earnings for $64,000

Debit to wage expense for $51,000

Debit to wage expense for $13,000