A corporation is sometimes called an artificial person

At the end of 20D, Washington Inc. made the following adjusting entry to record $10,000 of accrued and unpaid wages: Wages Expense: 10,000, Wages Payable: 10,000. At the end of the first week of January 20E, Washington Inc. paid $40,000 in wages for the pay period including the $10,000 accrued in the December 31, 20D adjustment above. The entry to record the payment of this payroll in January 20E should include a

A. $40,000 debit to wages expense and a $10,000 debit to wages payable. B. $30,000 debit to wages expense and a $10,000 debit to wages payable. C. $50,000 debit to wages expense and a $10,000 debit to wages payable. D. $10,000 debit to wages expense and a $30,000 debit to wages payable.

Commercial banks are large holders of ________ and are the major issuer of ________

A) negotiable certificates of deposit; U.S. government securities B) U.S. government securities; negotiable certificates of deposit C) commercial paper; Eurodollars D) Eurodollars; commercial paper