Party, Inc. has five employees that have each worked 4 days since the last payroll period cutoff and thus have not been paid for those 4 days at the end of December. If each employee is paid $100 per day, what adjusting entry is needed to make the financial statements at the end of December reflect accrual accounting? Debit Wages Expense $2,000 credit Wages Payable $2,000 Debit Wages Expense $400 credit Cash $400 Debit Wages Payable $2,000 credit Cash $2.000 Debit Wages Payable $2,000 credit Wages Expense $2,000