Pool Company paid the weekly payroll on January $2$ by debiting Wages Expense for $$40,000.$ The

accountant preparing the payroll entry overlooked the fact that Wages Expense of $$24,000$ had been

accrued at year end on December $31.$ The correcting entry is

Select one:

t$.$ Cash

$16,000$

Wages Expense

Wages Payable

Wages Expense

Wages Payable

Cash

$.$ Cash

Wages Expense

$16,000$

$24,000$

$24,000$

$24,000$

$24,000$

$24,000$

$24,000$