At December 31,2010,the following adjusting entries were recorded in the accounts of CPA Company:
$$\begin{array} { c c c }
\text { Interest receivable } & 2,000 & \
\text { Interest revenue } & & 2,000 \
\text { Wages expense } & 10,000 & \
\text { Wages payable } & & 10,000
\end{array}$$ There were no other accrued receivables or payables on CPA's books in 2010.
Calculate the balances in the following accounts immediately after the closing entries were posted. $\begin{array}{|l|l|l|l|}
\hline \text { Transactions } & \text { Accounts } \
& {\text { Debit }} & \text { Credit } \
\hline 1 . \text { Interest receivable }& \$ & \$ \
\hline 2 . \text { Interest revenue }& \$ & \$ \
\hline 3 .\text { Wages expense } & \$ & \$ \
\hline 4 . \text { Wages payable }& \$ & \$ \
\hline
\end{array}$

Question

At December 31,2010,the following adjusting entries were recorded in the accounts of CPA Company:
 $$\begin{array} { c c c } 
\text { Interest receivable } & 2,000 & \
\text { Interest revenue } & & 2,000 \
\text { Wages expense } & 10,000 & \
\text { Wages payable } & & 10,000
\end{array}$$ There were no other accrued receivables or payables on CPA's books in 2010.
Calculate the balances in the following accounts immediately after the closing entries were posted. $\begin{array}{|l|l|l|l|}
\hline \text { Transactions } & \text { Accounts } \
 & {\text { Debit }} & \text { Credit } \
\hline 1 . \text { Interest receivable }&   \$ & \$ \
\hline 2 .  \text { Interest revenue }& \$ & \$ \
\hline 3 .\text { Wages expense } &   \$ & \$ \
\hline 4 . \text { Wages payable }&   \$ & \$ \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of At December 31,2010,the following adjusting entries were recorded in the accounts of CPA Company:
 $$\begin{array} { c c c } 
\text { Interest receivable } & 2,000 & \
\text { Interest revenue } & & 2,000 \
\text { Wages expense } & 10,000 & \
\text { Wages payable } & & 10,000
\end{array}$$ There were no other accrued receivables or payables on CPA's books in 2010.
Calculate the balances in the following accounts immediately after the closing entries were posted. $\begin{array}{|l|l|l|l|}
\hline \text { Transactions } & \text { Accounts } \
 & {\text { Debit }} & \text { Credit } \
\hline 1 . \text { Interest receivable }&   \$ & \$ \
\hline 2 .  \text { Interest revenue }& \$ & \$ \
\hline 3 .\text { Wages expense } &   \$ & \$ \
\hline 4 . \text { Wages payable }&   \$ & \$ \
\hline
\end{array}$

At December 31,2010,the Following Adjusting Entries Were Recorded in the Accounts