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The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts during the year-end closing process would be: a. Dec. 31Revenues925 Income
The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts during the year-end closing process would be:
a. Dec. 31Revenues925 Income Summary925
b. Dec. 31Income Summary925 Revenues925
c. Dec. 31Income Summary925 Fees Earned750 Rent Revenue175
d. Dec. 31Fees Earned750 Rent Revenue175 Income Summary925
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