For the payroll period ended on May 7, 2019, gross pay was $102,000, net pay was $78,000, and various withholdings totaled $24,000.The journal entry to show the effects of the payroll accrual on May 7, 2019 is:
A)

\begin{array} { | c | l | c | c | } \hline \text { Dr. } & \text { Cash } & 102,000 & \\\hline \text { Cr. } & \text { Withholdirg Liabilities } & & 24,000 \\\hline \text { Cr. } & \text { Wages Payable } & & 78,000 \\\hline\end{array}

\begin{array} { | l | l | r | r | } \hline \text { Dr. } & \text { Wages Payable } & 78,000 & \\\hline \text { Dr. } & \text { Withholdirg Liabilities } & 24,000 & \\\hline \text { Cr. } & \text { Cash } & & 102,000 \\\hline\end{array}

\begin{array} { | l | l | r | r | } \hline \text { Dr. } & \text { Wages Expense } & 78,000 & \\\hline \text { Dr. } & \text { Withlolding Liabilities } & 24,000 & \\\hline \text { Cr. } & \text { Wages Payable } & & 102,000 \\\hline\end{array}

\begin{array} { | c | l | c | c | } \hline \text { Dr. } & \text { Wages Expense } & 102,000 & \\\hline \text { Cr. } & \text { Withholding Liabilities } & & 24,000 \\\hline \text { Cr. } & \text { Wages Payable } & & 78,000 \\\hline\end{array}

The Financial Leverage Characteristic of Long-Term Debt Results In

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