The Balance in the Rent Expense Account on the Worksheet $\begin{array}{|l|l|l|}\hline\text { Rent Expense } & & 150 \\\hline \text { Prepaid Rent Expense } & 150\\\hline\end{array}$

question 113

Multiple Choice

The balance in the Rent Expense account on the worksheet was $150.The journal entry to close the Rent Expense account is:

• A)
• \(\begin{array}{|l|l|l|}
• \hline\text { Rent Expense } & & 150 \\
• \hline \text { Prepaid Rent Expense } & 150\\\hline
• \end{array}\)
• B)
• \(\begin{array}{|l|l|}
• \hline\text { Rent Expense } & 150 \\
• \hline \text { Income Summary } & 150\\\hline
• \end{array}\)
• C)
• \[\begin{array} {| r | r | }
• \hline\text { Rent Expense } & 150 \\
• \hline \text { Capital } & 150 \\
• \hline
• \end{array}\]
• D)
• \[\begin{array}{l}
• \begin{array} { | l | l | }
• \hline \text { Income Summary }& 150 \\
• \hline \text { Rent Expense } & 150 \\
• \hline
• \end{array}
• \end{array}\]

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