QUESTION 9 XYZ Corp. has three employees. Each earns $600 per week for a five-day workweek ending on Friday. This month the last day of the month falls on a Wednesday. The company should make an adjusting entry (use an American week): Debiting Wage Expense for $360 and crediting Wages Payable for $360. Crediting Wage Expense for $360 and debiting Wages Payable for $360, Crediting Wage Expense for $1,080 and debiting Wages Payable for $1,080. Debiting Wage Expense for $1,080 and crediting Wages Payable for $1,080