The Closing Entry for the Salaries Expense Account Includes a Debit

question 80

Multiple Choice

The closing entry for the Salaries Expense account includes a debit to:

• A)Salaries Expense and a credit to Retained Earnings.
• B)Salaries Expense and a credit to Net Income.
• C)Retained Earnings and a credit to Salaries Expense.
• D)Net Income and a credit to Salaries Expense.

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Definitions:

Stemplot

A graphical representation used in statistics to display quantitative data, showing their frequency of occurrence.

Forest Fires

Uncontrolled fires that occur in wooded areas, potentially causing widespread damage to ecosystems, properties, and human life.

Distribution

The way in which something is shared out or spread across a range, often referring to the probability distribution of a variable.

Histogram

A graphical representation of the distribution of numerical data, typically showing the frequency of data within specified intervals.