Gatineau Truck Centre This Company Has a Weekly Payroll of $10,000 for Its

Gatineau Truck Centre
This company has a weekly payroll of $10,000 for its employees, who work Monday through Friday. Federal and provincial income taxes are withheld in the amounts of $1,700 and $400, respectively. Employee payroll deductions are withheld at a mandatory rate of 7.65% (6.2% for Canada Pension Plan (CPP) and 1.45% for Workers Safety Insurance Board (WSIB) ) . In addition, the federal and provincial employment taxes are applied at rates of 2% and 5%, respectively. The company's year end is December 31.
-Refer to the figure Gatineau Truck Centre.When the company journal entry is recorded for the payment of wages and related liabilities,what is the impact on the accounting equation?

A) Assets and liabilities both decrease.
B) Assets, liabilities, and shareholders' equity all decrease.
C) Assets and shareholders' equity decrease while liabilities increase.
D) Assets and liabilities both increase.