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Shown below is a trial balance for Novelty Toys, Inc., on December 31, after adjusting entries: Refer to the information above. The entry to close

Shown below is a trial balance for Novelty Toys, Inc., on December 31, after adjusting entries: image text in transcribed Refer to the information above. The entry to close the Fees earned account will:

Include a debit to Capital Stock.
Produce a zero balance in the accounts receivable account when posted.
Include a credit to Fees Earned.
Include a credit to Income Summary.

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