The university satellite office operates five days per week with a daily payroll of $5,000. Employees are paid every Saturday for the workweek just completed (Monday through Friday). The last day of the month is Wednesday, October 31. What is the effect of the correct adjustment at October 312 a. increases shareholders' equity and wages payable by $15,000 b. increases wages payable and decreases cash by $10,000 c. decreases shareholders' uity and increases wages payable by $15,000 d. increases wages payable and increases wages expense by $25,000