Question: QUESTION 33 Emory Co. operates five days per week with a daily payroll of $4,000. Employees are paid every Saturday for the workweek just completed

QUESTION 33 Emory Co. operates five days per week with a daily payroll of $4,000. Employees are paid every Saturday for the workweek just completed (Monday through Friday). The last day of the month is Wednesday, March 31. What is the effect of the correct adjustment at March 31? a. Increases Stockholders' Equity and Wages Payable by $8,000 O b. Increases Wages Payable and increases Wages Expense by $8,000 c. Increases Wages Payable and decreases Cash by $12,000 d. Decreases Stockholders' Equity and increases Wages Payable by $12,000

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