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Pearson Math Credit Debit Credit Debit 16,000 toring Credit 6,000 2,000 19,000 2,000 19,000 6,000 10,000 6,000 10,000 2,000 5,000 11,611 2,000 5,000 11,611 1,000 1,000 40,900 40,900 21,083 21,083 5,729 5,729 4,699 4,699 Depreciation Espende Totale 75,511 75,511 31,511 40,900 44,000 34,611 9,389 9,389 40,900 40,900 44,000 44,000 Blonorlod hororock.com 5,000 11,611 1,000 Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned 40,900 1,000 40,900 21,083 21,083 5,729 4,699 5,729 Wages Expense Rent Expense Depreciation Expense 4,699 44,000 34,611 40,900 75,511 31,511 75,511 Totals 9,389 9,389 44,000 44,000 Net Income (Loss) 40,900 40,900 The journal entry to close revenues and expenses would involve: Om debit to the expeme counts and credits to Retained Earnings and Fees Barned b. debite to the expense accounts and Retained Earnings and a credit to Fees Eamed Oc debits to Fees Eamed and Retained Earnings and credits to the expense accounts Od. dehit to Fees Eamed and credits to the expense accounts and Retained Earnings