Mt. Zion Inc. pays its employees twice a month, on the 7th and the 21st. On June 21, Mt. Zion Inc. paid employee salaries of $5,000. This transaction would:

A	increase stockholders equity by $5,000

B	decrease the balance in Salaries and Wages Expense by $5,000

C	decrease net income for the month by $5,000.

D	be recorded by a $5,000 debit to Salaries and Wages Payable and a $4,000 credit to Salaries and Wages Expense.

E	increase retained earnings by $5,000