Waterway Inc, pays its employees twice a month, on the 7th and the 21st, On June 21, Waterway Inc, paid employee salaries of $4910, This transaction would
O decrease the balance in Salaries and Wages Expense by $4910,
decrease net income for the month by $4910,
O increase stockholders' equity by $4910,
O be recorded by a $4910 debit to Salaries and Wages Payable and a $3910 credit to Salaries and Wages Expense.