QUESTION 6 Record the transaction below Shareholders' Equity The following events took place in the first month of business Assets Liabilities Common Stock Retained Earnings Paid cash at the end of the month to its employees for services performed during the current month TO RECEIVE CREDIT FOR THE QUESTION, AN ANSWER MUST BE SELECTED FOR EACH EVEN IF THERE IS NO EFFECT. IF THERE IS NO EFFECT, SELECT "O NO EFFECT." A. 500 Caslh B. (500) Cash Asset -Liabilities 500 Wage Expense D. O No Effect - Common Stock Retained Earnings ( 500) Wage Expense