An adjustment includes an increase to Salaries and Wages Expense of $5,000; a decrease to Salaries and Wages Payable of $3,000; and a decrease to Cash for $8,000. Which explains this adjustment? A : The adjustment is an accrual of $3,000 in Wage and Salary Expense. B : The adjustment reflects $5,000 payment of wages and salaries for the current period and $3,000 for wages and salaries accrued previously. C : The adjustment is an accrual of $3,000 and deferral of $5,000. D : The adjustment reflects total wage and salary expenses this period of $8,000.
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Home » Business » An adjustment includes an increase to Salaries and Wages Expense of $5,000; a decrease to Salaries and Wages Payable of $3,000; and a decrease to Cash for $8,000.