QUESTION 11 Shareholders' Equity Assets Liabilities Retained Earnings Common Stock GV $ 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 Efect" for each column Assets A. 500 Wages Payable Fiabilito B.500 Wages Expense D. Shareholders' Equity C.500 Cash Do No Effect E. Boo) Wages Expenso F (500) Wages Payable (500) Cash G