On Friday of each week, Apple Company pays its sales force weekly wages amounting to $ 40,000 for a five-day work week. Assuming December 31st Year One is a Wednesday, what is the Journal Entry on January 2nd Year Two, Friday payday of the next year? Select one:

a. Dr. Wage Expense for $16,000, Dr. Salary Payable for $24,000 and Cr. Cash for $40,000 b. Dr. Wage Expense for $24,000 and Cr. Salary Payable for $24,000 c. No journal entry is required on January 2nd d. Dr. Wage Expense for $40,000 and Cr. Salary Payable for $40,000