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Evan Roberts Owns a Business, Shore Sports, That Rents Canoes

Question 21

Multiple Choice

Evan Roberts owns a business, Shore Sports, that rents canoes and kayaks. Below is the adjusted trial balance at December 31.​ Evan Roberts owns a business, Shore Sports, that rents canoes and kayaks. Below is the adjusted trial balance at December 31.​ The entry required to close the expense accounts at the end of the period will A) increase Owner's Capital by $35,520 B) decrease Owner's Capital by $35,520 C) increase Owner's Capital by $33,520 D) decrease Owner's Capital by $33,520 The entry required to close the expense accounts at the end of the period will


A) increase Owner's Capital by $35,520
B) decrease Owner's Capital by $35,520
C) increase Owner's Capital by $33,520
D) decrease Owner's Capital by $33,520

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