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