Tye is conducting the closing process on the year for his floristry business, Sunflowers. How would Tye transfer the balances of Sunflowers' expense accounts?

 Credit to expense accounts and debit to retained earnings account. 

Debit to expense accounts and credit to retained earnings account. 

Debit to both expense and retained earning accounts. 

Credit to both expense and retained earning accounts.

Answer rating: 100% (QA)

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