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:

Glomerular (Bowman's) Capsule

A cup-like sac at the beginning of the tubular component of a nephron in the kidney that performs the first step in the filtration of blood.

Nephron

Microscopic kidney unit that regulates blood composition by glomerular filtration, tubular reabsorption, and tubular secretion.

Glomerulus

A network of capillaries located within the kidney that filters blood, initiating the process of urine formation.

Alveoli

Small air sacs in the lungs where the exchange of oxygen and carbon dioxide takes place, crucial for breathing and gas exchange.