Orlando Company Paid $700 Cash for Production Workers' Wages A)

Orlando Company paid $700 cash for production workers' wages. How does this transaction affect the financial statements? $\begin{array}{|l|c|c|c|c|c|c|c|c|c|c|c|}\hline &{\text { Assets }} && = & \text { Liab. } & + & \text { Equity } & \text { Rev. } & - & \text { Exp. } & = & \text { Net Inc. } \\\hline \text { Cash } & + & \text { WIP Inv. } & & & & & & & & & \\\hline\end{array}$

A) $\begin{array}{|l|l|l|l|l|l|l|l|l|l|l|l|}\hline(700) & + & 700 & = & \text { NA } & + & \text { NA } & \text { NA } & - & \text { NA } & = & \text { NA } \\\hline\end{array}$
B) $\begin{array}{|l|l|l|l|l|l|l|l|l|l|l|l|}\hline(700) & + & \text { NA } & = & \text { (700) } & + & \text { NA } & \text { NA } & - & \text { NA } & = & \text { NA } \\\hline\end{array}$
C) $\begin{array}{|l|l|l|l|l|l|l|l|l|l|l|l|}\hline(700) & + & \text { NA } & = & \text { NA } & + & (700) & \text { NA } & - & 700 & = & \text { (700) } \\\hline\end{array}$
D) $\begin{array}{|l|l|l|l|l|l|l|l|l|l|l|l|}\hline \text { NA } & + & 700 & = & 700 & + & \text { NA } & \text { NA } & - & \text { NA } & = & \text { NA } \\\hline\end{array}$