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The Balance in the Rent Expense Account on the Worksheet  Rent Expense 150 Prepaid Rent Expense 150\begin{array}{|l|l|l|}\hline\text { Rent Expense } & & 150 \\\hline \text { Prepaid Rent Expense } & 150\\\hline\end{array}

Question 113

Multiple Choice

The balance in the Rent Expense account on the worksheet was $150.The journal entry to close the Rent Expense account is:


A)
 Rent Expense 150 Prepaid Rent Expense 150\begin{array}{|l|l|l|}\hline\text { Rent Expense } & & 150 \\\hline \text { Prepaid Rent Expense } & 150\\\hline\end{array}
B)
 Rent Expense 150 Income Summary 150\begin{array}{|l|l|}\hline\text { Rent Expense } & 150 \\\hline \text { Income Summary } & 150\\\hline\end{array}
C)
 Rent Expense 150 Capital 150\begin{array} {| r | r | } \hline\text { Rent Expense } & 150 \\\hline \text { Capital } & 150 \\\hline\end{array}
D)
 Income Summary 150 Rent Expense 150\begin{array}{l}\begin{array} { | l | l | } \hline \text { Income Summary }& 150 \\\hline \text { Rent Expense } & 150 \\\hline\end{array}\end{array}

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