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The journal entry to close the Fees Earned, $275, and Rent Revenue, $200, accounts on December 31st during the closing process would be:Question 10 options:
The journal entry to close the Fees Earned, $275, and Rent Revenue, $200, accounts on December 31st during the closing process would be:Question 10 options: 1) Dec 31 Fees Earned 275 Rent Revenue 200 Income Summary 475 2) Dec 31 Income Summary 475 Fees Earned 275 Rent Revenue 200 3) Dec 31 Revenues 475 Income Summary 475 4) Dec 31 Income Summary 475 Revenues 475
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