Use This Adjusted Trial Balance to Answer the Following Question

question 60

Multiple Choice

Use this adjusted trial balance to answer the following question. The entry to close the expense accounts includes a

• A) debit to Retained Earnings for $4,000.
• B) debit to Income Summary for $20,000.
• C) debit to Insurance Expense for $4,000.
• D) credit to Retained Earnings for $40,000.

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Definitions:

Opposites Attract

The phrase "opposites attract" is based on the idea that individuals with contrasting personalities or attributes may find themselves drawn to each other, leading to interpersonal relationships.

Basic Kinds of Love

Various fundamental types of affection or love theories that describe different ways people love, such as passionate love, compassionate love, and unconditional love.

Companionate Love

A form of love characterized by deep affection, strong emotional bonds, and commitment, often found in long-term relationships where passion has given way to stronger, deeper connections.

Romantic Love

Romantic love is an intense emotional and physical attraction to another person, often characterized by passion, intimacy, and commitment.