The Income Statement Debit Column of the Worksheet Showed the Following

Multiple Choice

The income statement debit column of the worksheet showed the following expenses: $$\begin{array} { l | r } \hline \text { Supplies Expense } & \$ 600 \\\hline \text { Depreciation Expense } & 400 \\\hline \text { Salaries Expense } & 300 \\\hline\end{array}$$ The journal entry to close the expense accounts is:

A) $$\begin{array}{l}\begin{array} { r | r | } \hline \text { Income Summary }& 1,300 \\\hline \text { Supplies Expense } & 600 \\\hline \text { Depreciation Expense } & 400 \\\hline \text { Salaries Expense } & 300 \\\hline\end{array}\end{array}$$
B) $$\begin{array} { | c | l | } \hline \text { Income Summary} & 1,200 \\\hline \text { Capital} & 1,200 \\\hline\end{array}$$

C) $\begin{array}{|l|lcc|} \hline\text { Supplies Expense } &500 \\\hline \text { Depreciation Expense } &400\\ \hline\text { Salaries Expense } &300\\\hline \quad\quad\quad\text { Income Summary } &\quad\quad\quad\quad1,200\\\hline\end{array}$

D) $\begin{array}{|l|lcc|}\hline \text { Capital }& 1,200 \\ \hline\quad\quad\quad\quad\text { Income Summary } &\quad\quad\quad\quad1,200\\ \hline\end{array}$