A Company Paid Employee Wages of $24,000 for the Month

Multiple Choice

A company paid employee wages of $24,000 for the month.
What would the effect of this transaction on the current month's accounting equation?

A) No effect on Assets; $24,000 decrease in Liabilities; $24,000 increase in Stockholders' Equity
B) $24,000 increase in Assets; $24,000 increase in Liabilities; No effect on Stockholders' Equity
C) $24,000 decrease in Assets; No effect on Liabilities; $24,000 decrease in Stockholders' Equity
D) $24,000 decrease in Assets; $24,000 decrease in Liabilities; No effect on Stockholders' Equity