i Safari File Edit View History Bookmarks Window Help 78 Wed

i Safari File Edit View History Bookmarks Window Help 78%) Wed 1:28 PM a FAUG 3e PPT_CH02 082818-Introduction to Accounting 080 (Page) Homework 3 On October 1, 2016, Takahashi entered into a lease agreement to rent aut its old...+ BusinessCourse Menu Meredith Milholland- ACCT20653:080-Intro to Accounting-TTH ACCT20653:080-Intro to Accounting-TTH My Subscriptions Courses ACCT20653:080-Intro to Accounting-TTH/Financial:Ch 3: Accrual Basis of Business Accounting / Homework 3 Financial: Ch 1: Financial Accounting and Business ASSIGNMENT NAVIGATION Financial: Ch 2: Processing Accounting Information QUESTION 17 Incorrect Mark 0.000 out of 1.000 Flag question 1 2345 Bonnie\'s Bagels has 6 employees who are paid $24 per hour. At December 31, 2016, each of Bonnie\'s employees had worked 18 hours which had not been paid or recorded. Prior to adjustments, the company\'s trial balance showed $171,400 in the wages expense account. 6789 10 Financial: Ch 3: Accrual Basis of Business Accounting 11 12 13 14 1 If Bonnie makes the appropriate adjusting entry, how much will be reported on the December 31, 2016 income statement as wage expense? 16 17 18 19 20 Financial: Ch 4: Understanding Financial Select one: 21 22 23 24 25 A, $171,400 B.$. 2,592 C. $173,992 D. $168,808 0 Financial: Ch 13: Analysis and Interpretation of Financial Statements Finish attempt. Managerial: Ch 1: Overview of Managerial Accounting Check Incorrect Marks for this submission: 0.000/1.000. Managerial: Ch 2: Managerial Accounting Concepts and Cost Flows 31

Solution

Wages expense = 171400+(6*24*18)= 173992 Option C is correct