Business, 26.03.2020 00:30, peytonhause20

The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts during the year-end closing process would be:

a. Dec. 31

Revenues 925

Income Summary 925

b. Dec. 31

Income Summary 925

Fees Earned 750

Rent Revenue 175

c. Dec. 31

Fees Earned 750

Rent Revenue 175

Income Summary 925

d. Dec. 31

Income Summary 925

Revenues 925

Answers: 3

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The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts during the year-e...