Use the Following Worksheet to Answer the Following Questions

Multiple Choice

Use the following worksheet to answer the following questions. The journal entry to close revenues would be:

A) debit Income Summary $155,000, credit Fees Earned $155,000
B) debit C. Finley, Capital $155,000, credit Fees Earned $155,000
C) debit Fees Earned $155,000; credit Income Summary $155,000
D) credit Fees Earned $155,000; credit C. Finley, Capital $155,000