If the wages payable account had a normal balance of $4,500 before adjustment and an adjustment was made debiting the account for $500, then the account would appear on the work sheet as a:
A) $5,000 debit balance in the balance sheet columns.
B) $4,500 credit balance in the income statement columns.
C) $5,000 debit balance in the adjusted trial balance columns.
D) $4,000 credit balance in the balance sheet columns.
E) $5,000 debit balance in the income statement columns.

Question

Quizplus · Accepted Answer

The adjustment debits the wages payable account, reducing its balance from $4,500 to $4,000, resulting in a credit balance in the balance sheet columns.

If the Wages Payable Account Had a Normal Balance of $4,500