Jill Barnes earned a salary of $1,500 for the last week of May, and she will be paid on June 1. If Jill's employer makes an adjusting entry on May 31, the effect on the basic accounting equation will be: No effect because no entry is required until June 1. decrease in Stockholders' Equity and decrease in Assets decrease in Stockholders' Equity and increase in Liabilities decrease in Liabilities and decrease in Assets

Jill Bames earned a salary of $1,500 for the lest week of May, and she will be paid on June 1. If Jili's employer makes an adjusting entry on May 31, the effect on the basic accounting equation will be: No effect because no entry is required until June 1 decrease in 'Stockholders' Equity and decrease in Assets decrease in Stockholders' Equity and increase in Llabilities decrease in Liabilities and decrease in Assets