The total payroll is $4,000 per day of work.If the accounting period ends on Friday of a given week,what entry must be made to the company's accounting records?
A)Decrease Cash by $20,000 and decrease shareholders' equity by recognizing Salaries expense for the same amount.
B)Increase Salaries payable by $20,000 and decrease shareholders' equity by recognizing Salaries expense for the same amount.
C)Increase Salaries payable by $20,000 and increase shareholders' equity by recognizing Salaries expense for the same amount.
D)Decrease Cash by $4,000 and decrease shareholders' equity by recognizing Salaries expense for the same amount.

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The Answer of The total payroll is $4,000 per day of work.If the accounting period ends on Friday of a given week,what entry must be made to the company's accounting records?
A)Decrease Cash by $20,000 and decrease shareholders' equity by recognizing Salaries expense for the same amount.
B)Increase Salaries payable by $20,000 and decrease shareholders' equity by recognizing Salaries expense for the same amount.
C)Increase Salaries payable by $20,000 and increase shareholders' equity by recognizing Salaries expense for the same amount.
D)Decrease Cash by $4,000 and decrease shareholders' equity by recognizing Salaries expense for the same amount.

The Total Payroll Is $4,000 Per Day of Work