A reversing entry for the accrued wages adjusting entry will
A) give the Wages Payable account a zero balance.
B) give the Wages Expense account a zero balance.
C) give the Wages Expense account a debit balance.
D) cause a larger net income than if the reversing entry was not prepared.
E) cause a smaller net income than if the reversing entry was not prepared.

Question

Quizplus · Accepted Answer

The reversing entry for the accrued wages adjusting entry will be a debit to the Wages Payable account and a credit to the Wages Expense account. This will reverse the original entry and bring the Wages Payable account balance to zero, as the wages will now be paid in the next accounting period. Therefore, option A is the correct answer.

A Reversing Entry for the Accrued Wages Adjusting Entry Will