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Use the following account balances from the adjusted trial balance of Gees Catering: Debit Credit Account Balance Balance Cash Accounts payable R. Gees, Capital
Use the following account balances from the adjusted trial balance of Gees Catering: Debit Credit Account Balance Balance Cash Accounts payable R. Gees, Capital 12,800 2,000 15,500 R. Gees, Drawing 1,000 Fees revenue 10,100 Salary expense 7,000 7,800 6,000 Rent expense Supplies expense Select the correct closing entry that Gees Catering would make to close their revenue account(s) at the end of the accounting period. Multiple Choice Account Name Income summary Debit $ 10,100 Credit $ Fees revenue 10,100 Account Name R. Gees, Capital Debit $ 10,100 Credit $ Fees revenue 10,100 Account Name Debit Credit Fees revenue $ 10,100 $ Income summary 10,100 Account Name Fees revenue Debit $ 10,100 Credit $ R. Gees, Capital 10,100
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