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The ledger of Lima Company contains the following balances: Retained Earnings $300,000; Dividends $20,000; Service Revenue $400,000; Salaries Expense $270,000; Rent Expense $90,000; and interest

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The ledger of Lima Company contains the following balances: Retained Earnings $300,000; Dividends $20,000; Service Revenue $400,000; Salaries Expense $270,000; Rent Expense $90,000; and interest revenue $75,000. the entry to close expense accounts will include a; Select one: O Debit to Income Summary for $360,000. O Debit to Salaries Expense for $270,000. Credit to Income Summary for $360,000. Debit to Income Summary for $435,000

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