Proctor Inc

Multiple Choice

Proctor Inc.has a weekly payroll of $8,000 for a 5-day workweek, Monday through Friday.If December 31, the last day of the accounting year, falls on Wednesday, Proctor would make an adjusting entry that would

A) increase wages expense $4,800.
B) decrease wages payable $4,800.
C) decrease cash $4,800.
D) increase wages payable $8,000.