The Income Statement Debit Column of the Worksheet Showed the Following

question 111

Multiple Choice

The income statement debit column of the worksheet showed the following expenses: Supplies Expense $250
Depreciation Expense 175
Salaries Expense 800
The journal entry to close the expense accounts is

• A)Income Summary \(\quad 1,225\)
• Supplies Expense \(\quad 250\)
• Depreciation Expense \(\quad 175\)
• Salaries Expense \(\quad 800\)
• B)Income Summary \(\quad 1,225\)
• Capital\(\quad 1,225\)
• C) Supplies Expense \(\quad 250\)
• Depreciation Expense \(\quad 175\)
• Salaries Expense \(\quad 800\)
• Income Summary\(\quad 1,225\)
• D) Capital \(\quad 1,225\)
• Income Summary\(\quad 1,225\)

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