Shores Sports Rents Canoes and Kayaks The Entry Required to Close the Expense Accounts at the Balance

Shores Sports rents canoes and kayaks.Below is the adjusted trial balance at December 31. $\begin{array}{lr}&\text { Debit }&\text { Credit }\\\text { Cash } & 1,500 \\\text { Accounts Receivable } & 2,000 \\\text { Interest Receivable } & 100 \\\text { Prepaid Insurance } & 1,600 \\\text { Notes Receivable Long-Term } & 2,800 \\\text { Equipment } & 15,000\\ \text { Accumulated Depreciation } &&3,000 \\ \text { Accounts Payable } &&2,400 \\ \text { Accrued Expenses Payable } &&3,920 \\ \text { Income Taxes Payable } &&2,700 \\ \text { Unearned Rent Fees } &&500 \\ \text {Common Stock} &&7,700 \\ \text { Dividends } &2,000\\ \text { Rent Fees Earned } &&37,000 \\ \text { Furniture Rental Revenue } &&1,200 \\ \text { Interest Revenue } &&100\\\text { Wages Expense } & 19,000 \\\text { Depreciation Expense } & 1,800 \\\text { Utilities Expense } & 320 \\\text { nsurance Expense } & 700 \\\text { Maintenance Expense } & 9,000 \\\text { ncome Tax Expense } & \underline { 2,700}& \underline { \quad \quad \quad } \\\text { Totals }& \underline { 58,520}& \underline {58,520}\end{array}$ The entry required to close the expense accounts at the end of the period includes a:

A) a debit to Income Summary for $35,520
B) a credit to Income Summary for $35,520
C) a debit to Income Summary for $33,520
D) a credit to Income Summary for $33,520