Multiple Choice
The journal entry to close Fees Earned,$750,and Rent Revenue,$175,during the year-end closing process would be
A) Dec. 31 Fees Earned 750Rent Revenue 175Owner's Capital 925
B) Dec. 31 Owner's Capital 925Fees Earned 750Rent Revenue 175
C) Dec. 31 Revenues 925Owner's Capital 925
D) Dec. 31 Owner's Capital 925Revenues 925
Correct Answer:

Verified
Correct Answer:
Verified
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