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The Balance in the Rent Expense Account on the Worksheet

Question 16

Multiple Choice

The balance in the Rent Expense account on the worksheet was $725. The journal entry to close the Rent Expense account is


A) Rent Expense 725 Prepaid Rent 725
B) Rent Expense 725 Income Summary 725
C) Rent Expense 725 Capital 725
D) Income Summary 725 Rent Expense 725

Correct Answer:

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