Problem
At 28 June 2016 the Wages Expense account had a balance of $200,000 Dr. No wages were paid between 28 June and 30 June 2016. At 30 June 2016 an adjusting entry was made for $5,000 of accrued wages and then the closing entries were peItormed. What is the balance of the Wages Expense account after the closing entries have been performed?