The Journal Entry to Close the Fees Earned, $275, and Rent

Multiple Choice

The journal entry to close the Fees Earned, $275, and Rent Revenue, $200, accounts on December 31st during the closing process would be

A) Dec. 31 Fees Earned 275 Rent Revenue 200
Income Summary 475
B) Dec. 31 Income Summary 475 Fees Earned 275
Rent Revenue 200
C) Dec. 31 Revenues 475 Income Summary 475
D) Dec. 31 Income Summary 475 Revenues 475