QUESTION 18 Before recording adjusting entries at the end of 20x1, Kalgan Company carried balances of $409,000 in wages expense and $0 in wages payable December 31, 20x1 fell on a Thursday. The business did not pay wages on that day, but followed its normal pattern and disbursed $2,500 to the employees on the first Friday of 20x2 to compensate them for the five day workweek then ended. What will the balance of wages payable be after Kalgan Company records the appropriate adjusting entry at year-end? a $2,500 b. $409,000 c. $2,000 d. $500 e. $411,000 QUESTION 19 Before recording adjusting entries at the end of 20x1, Kalgan Company carried balances of $409,000 in wages expense and so in wages payable December 31, 20x1 fell on a Thursday. The business did not pay wages on that day, but followed its normal pattern and disbursed $2,500 to the employees on the first Friday of 20x2 to compensate them for the five day workweek then ended, Which of the following will Kalgan Company present on its balance sheet at December 31, 20x1? a. Wages Payable with a balance of $411,000 b. Wages Payable with a balance of $409,000 c. Wages Payable with a balance of $2,000 Od. Wages Expense with a balance of $409,000 e. Wages Expense with a balance of $411,000 HATIANA