Author Question: The entry to close expenses would be: a. Wages Expense 63,000 Rent Expense 27,000 Depreciation ... (Read 157 times)

Pineappleeh · **on:** Jul 5, 2018

The entry to close expenses would be:
a. Wages Expense 63,000
Rent Expense 27,000
Depreciation Expense 15,000
Income Summary 105,000
b. Expenses 105,000
Income Summary 105,000
c. Wages Expense 63,000
Rent Expense 27,000
Depreciation Expense 15,000
C. Finley, Drawing 105,000
d. Income Summary 105,000
Wages Expense 63,000
Rent Expense 27,000
Depreciation Expense 15,000

Question 2

For January, the amount budgeted for the nonmanufacturing costs budget is ________.

A) 78,000
B) 10,000
C) 168,000
D) 18,000