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

question 77

Multiple Choice

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.

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Definitions:

Noncompete Clause

A contract provision that restricts an employee from working with competing firms or starting a similar business for a specified period after leaving the company.

Realistic Job Previews

An HR practice involving giving prospective employees a true picture of what their job would entail, including both positive and negative aspects, to ensure proper fit.

Employee Assistance Programs

Workplace-supported programs to help employees deal with personal problems that might adversely impact their work performance, health, and well-being.

Involuntary Turnover

Is terminating employees whose services are no longer desired.