the closing entry for the salaries expense account includes a debit to: \n\na. salaries expense and a credit…

the closing entry for the salaries expense account includes a debit to: \n\na. salaries expense and a credit to retained earnings.\n\nb. salaries expense and a credit to net income.\n\nc. retained earnings and a credit to salaries expense.\n\nd. net income and a credit to salaries expense.

the closing entry for the salaries expense account includes a debit to: \n\na. salaries expense and a credit to retained earnings.\n\nb. salaries expense and a credit to net income.\n\nc. retained earnings and a credit to salaries expense.\n\nd. net income and a credit to salaries expense.

Answer

Brief Explanations:

At the end of an accounting - period, expense accounts are closed. Salaries Expense is an expense account. To close it, we debit the Retained Earnings account (which accumulates the company's earnings over time) and credit the Salaries Expense account to zero out the expense balance for the period.

Answer:

C. Retained Earnings and a credit to Salaries Expense.