Answered: On a classified balance sheet, wages…

On a classified balance sheet, wages payable is classified as: a.a current liability. b.a long-term liability. c.a current asset. d.a revenue account. e.a general expense.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter6: Work Sheet And Adjusting Entries For A Service Business

Section6.3: Completing The Work Sheet And Finding Errors On A Work Sheet

Problem 2AYU

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Question

On a classified balance sheet, wages payable is classified as:

a.a current liability.

b.a long-term liability.

c.a current asset.

d.a revenue account.

e.a general expense.

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