The employees of Joe Jackson Company get paid every Friday for a 5-day workweek (Monday through Friday). The employees collectively earn $5,000 per day of work. If the accounting period ends on Thursday, and the proper adjustment is made on Thursday, what will be the affect on the company's accounting system on Friday when the employees are paid for the week? Decrease cash (an asset) by $25,000; decrease shareholder's equity by recognizing wages expense for $5,000 and decrease wages payable by $20,000. Decrease cash (an asset) by $25,000; decrease shareholder's equity by recognizing wages expense for $20,000 and decrease wages payable by $5,000. None of the above. Decrease cash (an asset) by $25,000 and decrease shareholder's equity by recognizing wages expense for the same amount