Please refer to the following unadjusted trial balance in answering the below question. VLN had unpaid wages totaling $800 at the end of the accounting period.When VLN's accountant makes an adjusting entry for the unpaid wages, the new trial balance totals will be:
A)$49,600
B)$51,200
C)Some other amount
D)Cannot be determined from the information given

Question

Please refer to the following unadjusted trial balance in answering the below question.  VLN had unpaid wages totaling $800 at the end of the accounting period.When VLN's accountant makes an adjusting entry for the unpaid wages, the new trial balance totals will be:
A)$49,600 
B)$51,200 
C)Some other amount 
D)Cannot be determined from the information given

Quizplus · Accepted Answer

Since the unpaid wages totaling $800 should be included in the expenses, an adjusting entry will be made by debiting Wages Expense for $800 and crediting Wages Payable for $800. The new total of credits and debits will both increase by $800, resulting in a new total of $51,200.

Please Refer to the Following Unadjusted Trial Balance in Answering