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Which the proper entry on january includes

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Problem 1: Bell Company accrued wages of $500 of December 31. The next payday, January 5, the firm paid $2,500 in wages. The company makes reversing entries. The proper entry on January 5 includes:

Option 1: a debit to Wage Expense of $2,500.

Option 2: a debit to Wages Payable of $500.

Option 3: a debit to Wage Expense of $2,000.

Option 4: a debit to Wages Payable of $2,000.

Option 5: None of these.

Reference no: EM132692265

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