Which of the Following Entries Will Be Necessary to Close

question 86

Multiple Choice

Which of the following entries will be necessary to close the Insurance Expense account at the end of the year?

• A) debit Insurance Expense and credit Income Summary
• B) debit Insurance Expense and credit Common Stock
• C) debit Retained Earnings and credit Insurance Expense
• D) debit Income Summary and credit Insurance Expense

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Definitions:

Non-Hispanic White

A demographic group in the United States comprising individuals of European descent who do not identify as Hispanic or Latino.

Radial Pulse

A measurement of the heart rate obtained by palpating the radial artery at the wrist.

Amplitude

The height or strength of a wave signal, which in various contexts can represent volume, intensity, or power.

Tympanic Membrane Thermometer

A device used to measure body temperature by detecting the heat emissions from the eardrum or tympanic membrane.