The employees of Pinnacle, Inc. worked during July but are not paid their wages totaling $800 until August. Which of the following best indicates how to account for this transaction in July? Multiple Choice A journal entry with a debit to Salaries and Wages Expense and a credit to Deferred Expense for $800 should be recorded No journal entry needs to be made because payment has not yet been made. A journal entry with a debit to Salaries and Wages Payable and a credit to Salaries and Wages Expense for 5800 should be recorded. A journal entry with a debit to Salaries and Wages Expense and a credit to Deferred Expense for $800 should be recorded No journal entry needs to be made because payment has not yet been made. A journal entry with a debit to Salaries and Wages Payable and a credit to Salaries and Wages Expense for $800 should be recorded A journal entry with a debit to Salaries and Wages Expense and a credit to Salaries and Wages Payable for $800 should be recorded