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Tutorial   13295

The balance in the Insurance Expense account of the worksheet was $355. The journal entry to close the Insurance Expense account is: A) Insurance Exp...

Question:

The balance in the Insurance Expense account of the worksheet was $355. The journal entry to close the Insurance Expense account is:

A)           Insurance Expense 355 Capital 355

B)            Insurance Expense 355 Prepaid Insurance 355

C)            Insurance Expense 355 Income Summary 355

D)           Income Summary 355 Insurance Expense 355

ATTACHMENTS