The Balance in the Rent Expense Account on the Worksheet

Multiple Choice

The balance in the Rent Expense account on the worksheet was $120.The journal entry to close the Rent Expense account is:

A) $\begin{array}{|l|lcc|}\hline \text { Rent Expense}\quad\quad\quad\quad &120 \\ \hline\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Prepaid Rent} &\quad\quad\quad\quad\quad\quad120\\\hline \end{array}$

B) $\begin{array}{|l|lcc|}\hline \text { Rent Expense}\quad\quad\quad\quad &120 \\ \hline\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Income Summary } &\quad\quad\quad\quad\quad\quad120\\\hline \end{array}$

C) $$\begin{array} { | r | r | } \hline \text { Rent Expense }\quad\quad\quad\quad\quad\quad\quad\quad\quad & 120 \\\hline \text { Capital } &\quad\quad\quad\quad 120 \\\hline\end{array}$$
D) $\begin{array}{|l|lcc|}\hline \text { Income Summary}\quad\quad\quad\quad &120 \\ \hline\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Rent Expense} &\quad\quad\quad\quad\quad\quad120\\\hline \end{array}$