Author Question: Wages Expense has a balance of 55,400 in the Trial Balance Debit column of a work sheet. The ... (Read 123 times)

MGLQZ · **on:** Jul 6, 2018

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.

Question 2

The Prepaid Insurance account has a balance of 200 less in the work sheet's Balance Sheet Debit column than in the work sheet's Trial Balance Debit column. This would be the result of a
a. 200 entry to Prepaid Insurance in the work sheet's Adjustments Credit column.
b. 200 entry to Prepaid Insurance in the work sheet's Adjustments Debit column.
c. 200 entry to Insurance Expense in the work sheet's Adjustments Credit column.
d. 400 entry to Insurance Expense in the work sheet's Adjustments Credit column.
e. 400 entry to Prepaid Insurance in the work sheet's Adjustments Credit column.