8. The university satellite office operates five days per week with a daily payroll of $5,000. Employees are paid every saturday for the workweek just completed (monday-friday). The last day of the month is thursday, October 31. What is the effect of the correct adjustment at October 312 a. Decrease Stockholders' equity and increases Wages Payable by 25,000 b. Increases Wages Payable and increases Wages Expense by $20.000 c. Increase Stockholders' equity and Wages Payable by $20,000 d. Increase Wages Payable and decreases Cash by $25,000 9. Company X purchased a forklift with yearly depreciation expense of $5,000. What is the yearly adjusting journal entry that is booked to recognize the depreciation expense? a. Depreciation Expense $5,000 b. Accumulated Depreciation $5,000 c. Depreciation Expense $5,000 d. Forklift Asset $5,000 Accounts payable $5,000 Depreciation Exposed $5,000 Accumulated Depreciation $5,000 Depreciation Expense $5,000