Please refer to the following unadjusted trial balance in answering the below question. 1) 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.  1) 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

To record the unpaid wages, an adjusting entry must be made with a debit to Wages Expense for $800 and a credit to Wages Payable for $800. This will increase the total expenses and increase the total liabilities on the trial balance, resulting in a new total of $51,200 (($22,000 + $19,400) - $800 = $51,200).

Please Refer to the Following Unadjusted Trial Balance in Answering