Ace Electronics Paid $4,000 of the $5,000 Its Employees Had

Multiple Choice

Ace Electronics paid $4,000 of the $5,000 its employees had earned during the period.Ace Electronics should report Salaries and Wages Expense of ______ on the income statement,Salaries and Wages Payable of ______ on the balance sheet,and a reduction in Cash of ______.

A) $0; $5,000; $0
B) $4,000; $1,000; $0
C) $1,000; $1,000; $0
D) $5,000; $1,000; $4,000