Lester hires a salesperson for his business. Lester agrees to pay the salesperson a commission of 10 percent of sales. By the end of the first month, the salesperson has done $50,000 of sales. Lester wants to prepare accurate financial statements at the end of the month, but has not yet paid the salesperson. What journal entry should be made before preparing the financial statements for the month? Account Title Prepaid Commissions Debit 5,000 Cash Account Title Prepaid Commissions Commissions Payable Credit 5,000 Debit Credit 5,000 5,000 Account Title Debit Credit Commissions Expense 5,000 Commissions Payable 5,000 Account Title Debit Credit Commissions Expense 50,000 Cash 50,000