Use the Following Account Balances from the Adjusted Trial Balance

Multiple Choice

Use the following account balances from the adjusted trial balance of Gees Catering:

Select the correct closing entry that Gees Catering would make to close their revenue account(s) at the end of the accounting period.

A)
Fees Revenue $ 10,000
Income Summary $ 10,000
B)
R. Gees, Capital $ 10,000
Fees Revenue $ 10,000
C)
Income Summary $ 10,000
Fees Revenue $ 10,000
D)
Fees Revenue $ 10,000
R.Gees, Capital $ 10,000