Use This End-Of-Period Spreadsheet to Answer the Questions That Follow

Multiple Choice

Use this end-of-period spreadsheet to answer the questions that follow.​
-The journal entry to close revenues and expenses would involve:

A) debits to the expense accounts and Retained Earnings and a credit to Fees Earned
B) debits to the expense accounts and credits to Retained Earnings and Fees Earned
C) a debit to Fees Earned and credits to the expense accounts and Retained Earnings
D) debits to Fees Earned and Retained Earnings and credits to the expense accounts