Question $32$

$3$ pts

What does Closing Entry #$2($close expenses$)$ include, based on the trial balance below for the year ending December $31,2018?$

$\backslash$table$[[$Account$,$Debit,$],[$Cash$,$$$66,000,],[$Accounts Receivable,$17,500,],[$Trucks$,172,000,],[$Accurnulated Depreciation,,$],[$Accounts Payable,$36,000,],[$Wages Payable,$20,000,],[$K$.$ Wilson, Capital,$65,000,],[$K$.$ Wilson, Withdrawals,$61,000,],[$Trucking Fees Earned,$23,500,],[$Wages Expense,$20,000,],[$Depreciation Expense,$175,000,],[$Other Expenses,$130,000,]]$

Debit to Income Summary of $$130,000$

Debit to Wages Expense of $$61,000$

None of the other answers are correct

Debit to Income Summary of $$104,500$