#66

Use the following worksheet to answer Questions 66, 67, 68. Adjusted Trial Balance Account Title Debit Credit Cash 48,000 Accounts Receivable 18,000 Supplies 6,000 Equipment 57,000 Accumulated Depreciation - Equip 18,000 Accounts Payable 30,000 Wages Payable 6,000 Capital Stock 4,000 Retained Earnings 29,000 Dividends 3,000 Fees Earned 141,000 Wages Expense 63,000 Rent Expense 18,000 Depreciation Expense 15,000 Totals 228.000 228,000 66. The journal entry to close revenues would be: a. debit Income Summary $141,000, credit Fees Earned $141,000 b. debit Retained Earnings $141,000, credit Fees Earned $141,000 c. debit Fees Earned $141,000; credit Income Summary $141,000 d. credit Fees Earned $141,000; credit Capital Stock $141,000