Question 38 (1 point) The closing entry for Salaries Expense, with a balance of $240,000 is Debit Salaries Expense, $240,000, credit Income Summary, $240,000 Debit Salaries Expense, $240,000, credit Salaries Payable, $240,000 Debit Income Summary, $240,000; credit Salaries Expense, $240,000 Debit Salaries Payable, $240,000; credit Salaries Expense, $240,000