Marigold Inc. pays its employees twice a month, on the $7^{th}$ and the ${21}^{st}.$ On June $21,$ Marigold Inc. paid employee salaries of $$4950.$

This transaction would

decrease net income for the month by $$4950.$

be recorded by a $$4950$ debit to Salaries and Wages Payable and a $$3950$ credit to Salaries and Wages Expense.

decrease the balance in Salaries and Wages Expense by $$4950.$

increase stockholders' equity by $$4950.$