40MC.04.015 Which of the following errors occur when an accountant does not record the entry to adjust accrued wages? av Overstatement of operating expense in the income statement. b. Understatement of Accounts payable in the balance sheet. c. Understatement of total assets in the balance sheet. d. Understatement of Wages Expense account in the income statement. e. Overstatement of total liabilities in the balance sheet. 37. MC.04.009 Which of the following accounts is not adjusted? a. Depreciation Expense b. Wages Payable c. Owner's Capital d. Accumulated Depreciation e. Prepaid Insurance