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

Quizplus · Accepted Answer

The adjusted balance of Wages Payable will be $500. This credit entry reduces the balance of Wages Expense. Therefore, the adjusted balance of Wages Expense will be $55,900 (55,400-500). Hence, the correct answer is D.

Wages Expense Has a Balance of $55,400 in the Trial