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The journal entry to close the Fees Earned, $115, and Rent Revenue, $28, accounts during the year-end closing process would be: 143 Dec. 31 Revenues
The journal entry to close the Fees Earned, $115, and Rent Revenue, $28, accounts during the year-end closing process would be: 143 Dec. 31 Revenues 143 Income Summary Dec. 31 Fees Earned 115 28 Rent Revenue 143 Income Summary Dec. 31 Income Summary Rent Revenue Dec. 31 Income Summary 143 115 Fees Earned 28 143 143 Revenues
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