Question 8 Rent Expense, Insurance Expense, and Salaries Expense have normal balances of $1,000, $200,...
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Question 8 Rent Expense, Insurance Expense, and Salaries Expense have normal balances of $1,000, $200, and $800, respectively. Which of the following choices shows the correct closing journal entry to close out the above accounts. Income Summary -2,000 Rent Expense.. 1,000 Oa . Insurance Expense 200 Salaries Expenso 800 Owner's Capital 2,000 Rent Expense 1,000 . Insurance Expense 200 Salaries Expense .800 Rent Expense .1,000 Insurance Expense C. Salaries Expense Income Summary 2,000 200 .800 Income Summary ..2,000 Od 2,000 Owner's Capital MacBook Air
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