The balance in the Rent Expense account on the worksheet was $220. The journal entry to close the Rent Expense account is: 
Correct Answer:
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Q52: Closing entries will:
A) decrease the Owner's Capital.
B)
Q53: The following normal account balances were found
Q54: All permanent accounts can be found:
A) on
Q55: On Petro Company's worksheet, the Revenue account
Q56: The Income Summary account shows debits of
Q58: After closing the revenue, expense, and withdrawal
Q59: The entry to close Income Summary (net
Q60: The entry to close the expense account(s)
Q61: The beginning capital balance is $6,200, there
Q62: Which of the following is a temporary
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