Use the Following Account Balances from the Adjusted Trial Balance

question 43

Multiple Choice

Use the following account balances from the adjusted trial balance columns of RB Auto's
Worksheet to answer below question.

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Select the correct closing entry that RB Auto would make to close their expense account(s) at the end of the accounting period.

• A)debit R. Holloway, Capital $9,000 and credit Salary Expense $4,000; credit Rent Expense $3,000; credit Purchases $2,000
• B)debit Income Summary $9,000 and credit Salary Expense $4,000; credit Rent Expense $3,000; credit Purchases $2,000
• C)debit Salary Expense $4,000; debit Rent Expense $3,000; debit Purchases $2,000 and credit Income Summary $9,000
• D)debit Income Summary $9,000 and credit R. Holloway, Capital for $9,000

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Definitions:

Suicidal Behavior

Actions or plans to cause one's own death intentionally.

Antisocial Behavior

Actions that go against social norms, potentially harmful to people around, including aggressive, disruptive, or manipulative activities.

Affective Behavior

Emotional responses and expressions that result from stimuli or internal feelings.

Frustration

Frustration is the emotional response to opposition, arising from situations where a person is blocked from reaching a desired outcome.