For the payroll period ended on May 7, 2019, gross pay was $102,000, net pay was $78,000, and various withholdings totaled $24,000. The journal entry to show the effects of the payroll accrual on May 7, 2019 is:

For the payroll period ended on May 7, 2019, gross pay was $102,000, net pay was $78,000, and various withholdings totaled $24,000. The journal entry to show the effects of the payroll accrual on May 7, 2019 is: Multiple Choice 0 Dr. Cash 102,000 Cr. Withholding Liabilities Cr. | Wages Payable 24,000 78,000 0 Dr. Dr. Cr. Wages Payable Withholding Liabilities Cash 78,000 24,000 102,000 0 Dr. | Dr. Cr. Wages Expense Withholding Liabilities Wages Payable 78,000 24,000 102,000 0 102,000 Dr. Wages Expense Cr. Withholding Liabilities Cr. | Wages Payable 24,000 78,000