The company pays its workers every two weeks. As of December 31, of Year 1, the companys workers have earned wages of $8,000 for which they have not yet been paid; they will not be paid these wages until January of next year. The correct adjusting entry was made on December 31, Year 1. On January 3 of Year 2, the company paid total wages to the employees of $12,000, of which $8,000 related to work performed last year.

Which ONE of the following is included in the journal entry necessary on January 5 of Year 2 to record the payment of $12,000 in cash?

Group of answer choices

A CREDIT to Cash for 4,000.

A DEBIT to Wage Expense for 8,000.

A DEBIT to Wage Payable for 8,000.

A DEBIT to Wage Expense for 12,000.