Suppose an employee of the ABC company worked December 30th. and 31st. and earned $500 for both days. The employ received a paycheck of $1,250 on Friday, January 3rd. of the next year for the entire amount. What journal entry should have been done on December 31st? Debit-Wages (Salary) Expense $500 Credit-Wages(Salary) Payable $500 Debit-Wages (Salary) Payable $500 Credit-Wages(Salary) Expense $500 Debit-Wages (Salary) Expense $500 Credit -Cash $500 Debit-Wages (Salary) Expense $1,250 Credit-Wages(Salary) Payable $1,250