TB MC Qu. 03-299 (Algo) Karl Company accrued wages... 1 Karl Company accrued wages of $8,650 that were earned by employees but were unpaid at the year-end Assuming Karl uses reversing entries, which of the following entries correctly reverses the accrued wages at the beginning of the following year? Do . Debit Wages Payable $8,650; credit Wages Expense $8,650. Debit Cash $8,650: credit Wages Expense $8,650. Debit Wages Expense $8,650; credit Cash $8,650, Debit Wages Expense $8,650: credit Wages Payable $8,650. Debit Wages Payable $8,650, credit Cash $8,650