The Pina Colada Amusement Park paid employee wages on and through Friday, August 25, and the next payroll will be paid September 5. There are four more working days in August (2831). Employees work 5 days a week and the company pays $500 a day in wages. What will be the adjusting entry to accrue wages expense at the end of August?

Wages Expense 2500

Wages Payable 2500

No adjusting entry is required.

Wages Expense 2000

Wages Payable 2000

Wages Expense 500

Wages Payable 500