Multiple Choice
The Rent Expense account had a normal balance of $2,725. The entry to close the account would include a
A) debit to Rent Expense, $2,725.
B) debit to Income Summary, $2,725.
C) debit to Capital, $2,725.
D) credit to Income Summary, $2,725.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q22: Accounts in which the balances are carried
Q117: When closing the Income Summary account when
Q118: A nominal account is the same as<br>A)
Q119: When revenue is closed,<br>A) Owner's Capital will
Q120: Income Summary is closed to Capital.
Q122: The balance in Income Summary after posting
Q123: Which of the following is a real
Q124: When using accounting software, is it still
Q125: Explain how the closing entry would be
Q126: How do you close a revenue account?<br>A)