QUESTION 6 Interpret the following journal entry: Wage expense Cash 600 600 a. The company's employees earned $600 for work during the period, and will be paid in the future. Ob. The company hired new employees. Oc. The company's employees did work worth $600 in a prior period, for which they are being paid now. Od. The company's employees earned $600 for work during the period and were paid in cash. QUESTION 7 Which account is not reported on the balance sheet? Oa. Unearned revenue Ob. Equipment (net) c. Revenue d. Retained earnings