QUESTION 10 In the first week of the new year, Just In Thyme, Inc., paid its employees $500 for the wages they had earned and recorded in the prior accounting period. Show the effect on the accounting equation. To receive full credit be sure to enter the amount and account title or "No Effect" for each column. Assets Liabilities Shareholders' Equity A. 500 Wages Payable B. 500 Wages Expense C. 500 Cash D. 0 No Effect E. (500) Wages Expense F. (500) Wages Payable G. (500) Cash

In the first wopk of the new year, Just in Thyme, InC, paid its enployees $500 for the wages they had earned and recorded in the prior acoounting colarine Assuls f iafuilitios Shatehowous' Equity A. 500 Wages Payath B. 500 Wager fonense C. 500 Cash D. ONo Elloct E. (500) Wogen Euponse F. (500) Whoes Payitile c. (500) Cant