18 A company's weekly payroll is $80,000 for a five-day work week beginning each Monday and ending each Friday. The last time salaries and wages were recorded was Friday, December 26. What adjustment is needed on December 31, the last day of the company's fiscal period? O Decrease cash by $48,000. Decrease wages payable by $48,000. Increase wages expense by $48,000. No adjustment is necessary. 1 pts A company's employees earn $5,000 per day, work 5 days per week (Monday through Friday), and are paid each Friday. The previous payday was Friday, January 28. If the accounting period ends on January 31, what is the ending balance in the wages payable account? $15,000 $5,000 $25,000 O $10,000