The University Satellite Office Operates Five Days Per Week with a Daily

question 111

Multiple Choice

The university satellite office operates five days per week with a daily payroll of $5,000.Employees are paid every Saturday for the workweek just completed (Monday through Friday) .The last day of the month is Wednesday,October 31.What is the effect of the correct adjustment at October 31?

• A) increases shareholders' equity and wages payable by $15,000
• B) increases wages payable and decreases cash by $10,000
• C) decreases shareholders' equity and increases wages payable by $15,000
• D) increases wages payable and increases wages expense by $25,000

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Definitions:

Pain-Controlling Chemicals

Substances produced by the body, such as endorphins, that naturally reduce pain through their action on the nervous system.

Body

The physical structure of a person or an organism, including bones, flesh, and organs.

Receptor

A protein molecule that receives chemical signals from outside a cell and, when bound to a specific molecule, can initiate a physiological response.

Neurotransmitter Keys

Molecules that transmit signals across the synaptic gap between neurons in the nervous system, functioning like keys to activate or inhibit neuronal processes.