The journal entry to close the Fees Earned, $100, and Rent Revenue, $25, accounts on December 31st during the closing process would be: a. Dec 31 Fees Earned 100 Rent Revenue 25 Income Summary 125 b. Dec 31 Income Summary 125 Fees Earned 100 Rent Revenue 25 c. Dec 31 Revenues 125 Income Summary 125 d. Dec 31 Income Summary 125 Revenues 125
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Home » Business » The journal entry to close the Fees Earned, $100, and Rent Revenue, $25, accounts on December 31st during the closing process would be: a. Dec 31 Fees Earned 100 Rent Revenue 25 Income Summary 125 b.