Zar Company paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29-31). Employees work 5 days a week and the company pays $900 a day in wages. What will be the adjusting entry to accrue wages expense at the end of January? Wages Expo Wages Payable 900 Option 1 Wages Expense Wages Payable Option 2 2.00 Wages Expense Wages Payable Option 3 0 No adjusting entry is required A Company purchased a computer system for $3,600 on October 1, 2019. The company expects to use the computer system for 3 years. It has no salvage value. The depreciation expense of the year 2019 on the asset is: $100 $300 O O $1,200 $3,600 Expenses incurred but not yet paid or recorded are called: Prepaid expenses Accrued expenses Interim expenses Unearned expenses A Company purchased an 18-month insurance policy on May 31, 2019 for $3,600. The December 31, 2019 balance sheet would report Prepaid Insurance of: $0 because Prepaid Insurance is reported on the income Statement $1,400 $2,200 $3,600