Stockholders' equity is

added to assets and the two are equal to liabilities

subtracted from liabilities and the net amount is equal to assets

added to liabilities and the two are equal to assets

equal to the total of assets and liabilities

Which of the accounts below would be closed by posting a debit to the account?

Unearned Revenue

Fees Earned

Miscellaneous Expense

Dividends

A summary of selected ledger accounts appears below for Alberto's Plumbing Services for the current calendar year-end.

Common Stock
12/31	8,500	1/1	6,500
		12/31	15,000
Retained Earnings
6/30	3,500	12/31	15,000
11/30	5,000
Income Summary
12/31	18,500	12/31	33,500
12/31	15,000

Net income for the period is

a.$18,500

b.$15,000

c.$33,500

d.$13,000