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Christophers Closet sells mens clothing. At the end of the current year, Christophers Closet has Rent Expense of $1,500, and Supplies Expense of $829. What
Christophers Closet sells mens clothing. At the end of the current year, Christophers Closet has Rent Expense of $1,500, and Supplies Expense of $829. What closing entry will Christophers Closet make for these expense accounts?
Date | Accounts and Explanations | Debit | Credit |
A. | Rent Expense | 1,500 |
|
| Supplies Expense | 829 |
|
| Cash |
| 2,329 |
B. | Cash | 2,329 |
|
| Rent Expense |
| 1,500 |
| Supplies Expense |
| 829 |
C. | Rent Expense | 1,500 |
|
| Supplies Expense | 829 |
|
| Income Summary |
| 2,329 |
D. | Income Summary | 2,329 |
|
| Rent Expense |
| 1,500 |
| Supplies Expense |
| 829 |
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