The balance in the Rent Expense account on the worksheet was $120. The journal entry to close the Rent Expense account is:
A) 
B) 
C) 
D) 
Correct Answer:
Verified
Q1: Which of the following accounts will be
Q13: To close the Withdrawals account,
A) debit Withdrawals;
Q23: Accounts in which the balances are carried
Q31: How do you close the expense accounts?
A)
Q32: The entry to close the expense account(s)
Q40: Closing entries will affect:
A) total assets.
B) Cash.
C)
Q44: The following normal account balances were found
Q45: The Rent Expense account had a normal
Q47: The entry to close Income Summary (net
Q50: On Flex Company's worksheet the revenue account
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