Assume That an Employee Works and Earns $100, but Has

Multiple Choice

Assume that an employee works and earns $100, but has not yet been paid when the accounting period ends. Under accrual accounting, the books should reflect

A) Nothing, since the employee has not yet been paid
B) A liability of $100 and a revenue of $100
C) An asset of $100 and an expense of $100
D) A liability of $100 and an expense of $100