The Closing Entry for the Salaries Expense Account Would Include

question 86

Multiple Choice

The closing entry for the Salaries Expense account would include 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.

---

Definitions:

Lewis Line Structure

A diagram representing the valence electrons of atoms within a molecule using dots and lines for bonding pairs.

Line Structure

A simplified representation of a chemical structure, using lines to represent chemical bonds and showing the arrangement of atoms within the molecule.

Soluble

The property of a substance to be dissolved in a solvent, forming a homogeneous solution at a specified temperature and pressure.

Oxygen

A diatomic molecule that is a colorless, tasteless, and odorless gas essential for respiration in most living organisms.