The Journal Entry to Close the Fees Earned, $750, and Rent

Multiple Choice

The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts on December 31st during the closing process would be:

A) Dec. 31 Fees Earned 750
Rent Revenue 175
Income Summary 925
B) Dec. 31 Income Summary 925
Fees Earned 750
Rent Revenue 175
C) Dec. 31 Revenues 925
Income Summary 925
D) Dec. 31 Income Summary 925
Revenues 925