Assume That Gatesville Co $\quad\$ 6,000$ Cash $\quad \$ 6,000$ B)
Wages Payable

Assume that Gatesville Co. pays its employees $1,200 per day and that pay day falls on Friday. Gatesville Co. employees work Monday through Friday. Assume the last day of the fiscal period falls on Tuesday. Gatesville Co. would record an adjusting entry for the wages worked as follows:

A)
Wages Expense $\quad\$ 6,000$
Cash $\quad \$ 6,000$
B)
Wages Payable $\quad\$ 6,000$
Cash $\quad \$ 6,000$
C)
Wages Expense $\quad\$ 2,400$
Wages Payable $\quad \$ 2,400$
D)

Wages Expense $\quad\$ 2,400$
Cash $\quad\$ 2,400$