An adjustment includes an increase to salaries and wages expense of $5,000; a decrease to salaries and wages payable of $3,000; and a decrease to cash for $8,000. which explains this adjustment? a : the adjustment is an accrual of $3,000 in wage and salary expense. b : the adjustment reflects $5,000 payment of wages and salaries for the current period and $3,000 for wages and salaries accrued previously. c : the adjustment is an accrual of $3,000 and deferral of $5,000. d : the adjustment reflects total wage and salary expenses this period of $8,000.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan