Multiple Choice
Wages Expense has a balance of $55,400 in the Trial Balance Debit column of a work sheet. The Adjustments Credit column contains a $500 credit to Wages Payable. The Adjusted Trial Balance columns will show
A) Wages Expense with a debit balance of $54,900.
B) Wages Expense with a debit balance of $500.
C) Wages Payable with a credit balance of $55,900.
D) Wages Expense with a debit balance of $55,900.
E) Wages Expense with a credit balance of $55,900.
Correct Answer:

Verified
Correct Answer:
Verified
Q49: The Unearned Revenue account would be used
Q50: At the end of the accounting period,
Q51: In the completed work sheet, which of
Q52: The Unearned Revenue account normally has a
Q53: A baseball team records ticket revenue received
Q55: For the year ended December 31, Bailey
Q56: In the Income Statement columns of the
Q57: The temporary account used when adjusting Merchandise
Q58: The Income Summary account line on the
Q59: The first adjusting entry for merchandise inventory