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.