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The end of the period is January 31st. Wages of $800 are owed as of this date.
Problem 1: The adjusting entry for this is __________.
Option 1: a debit to Wages Payable and a credit to Wages Expense, both for $800
Option 2: a debit to Wages Expense and a credit to Wages Payable, both for $800
Option 3: a credit to Wages Expense and a debit to Cash, both for $800
Option 4: a debit to Wages Expense and a credit to Cash, both for $800
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