There are 7 closing entries. O O True False The income statement debit column of the worksheet showed the following expenses: Supplies Expense Depreciation Expense Salaries Expense $600 900 500 The journal entry to close the expense accounts is: 2,000 2,000 2,000 2,000 2,000 O A. Income Summary Capital O B. Capital Income Summary OC. Income Summary Supplies Expense Depreciation Expense Salaries Expense OD. Supplies Expense Depreciation Expense Salaries Expense 600 600 900 500 The balance in Income Summary after posting all revenues and expenses for the period is equal to the amount closed to the Capital account O O True False The Rent Expense account had a normal balance of $1,100. The entry to close the account would include a O A. credit to Income Summary, $1,100. O B. debit to Income Summary, $1,100. OC. debit to Rent Expense, $1,100. OD. debit to Capital, $1,100. Which of the following accounts would NOT be considered a permanent account? O A. Depreciation Expense OB. Prepaid Rent Expense O C. Accounts Payable OD. Accounts Receivable