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The Entry to Close the Expense Accounts Includes a

Question 166

Multiple Choice

The entry to close the expense accounts includes a A) debit to Income Summary for ₤3,400. B) credit to Rent Expense for ₤1,000, C) credit to Income Summary for ₤3,600. D) debit to Wages Expense for ₤2,000. The entry to close the expense accounts includes a


A) debit to Income Summary for ₤3,400.
B) credit to Rent Expense for ₤1,000,
C) credit to Income Summary for ₤3,600.
D) debit to Wages Expense for ₤2,000.

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