24. Frank's Hunting Specialties weekly payroll totals $30,425 (net) per week. The employees work a five-day week and receive their pay every Friday. They have sixty days paid time off during the year. Frank's Hunting Specialties provides extended maternity Icave, concierge service, and health insurance benefits as employee benefits. Employees receive 30 days paid vacation each year which accrue year to year. Taxes deductions from their gross pay determines their net pay. March 31, 2021, the last day of the month, falls on a Wednesday. Prepare the journal entry recording the payment of the FRN Hunting Specialties employee wages on Friday April 2, 2021. A. Wages Expense. .$30,425 Cash... 30,425 B. Wages Payable. $12,170 Cash... 12,170 C. Wages Expense. $12,170 Wages Payable 18,255 Cash.... 30,425 D. Wages Expense.. $18,255 Wages Payable.. 18,255 25. If ending accounts receivable exceeds the beginning accounts receivable: A. cash collections during the period exceed the amount of revenue recognized. B. net income for the period is less than the amount of cash-basis income. C. cash collections during the year are less than the amount of revenue recognized. D. no cash was collected during the period. 5 day