Wolf Industries plant operates five days per week with a daily payroll of $50,000. Employees are paid every Saturday for the work week just completed (Monday through Friday). The last day of the month is Wednesday, May 31. The correct adjusting entry at May 31 is
A) Wages Expense 50,000Wages Payable 50,000
B) Wages Payable 50,000Cash 50,000
C) Wages Expense 150,000Cash 150,000
D) Wages Expense 150,000Wages Payable 150,000
D
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