Question

Wages Expense

Type of Account

Appears on Which Financial Statement

Normal Balance

Is the Account Closed?

A

Expense

Income Statement

Credit

Yes

B

Expense

Income Statement

Credit

No

Expense

Income Statement

Debit

Yes

D

Expense

Income Statement

Debit

NΟ

F

None of the above

Answer 1

D

because the acc cannot be close