The journal entry to close the Fees Earned, $124, and Rent Revenue, $32, accounts during...
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Accounting
The journal entry to close the Fees Earned, $124, and Rent Revenue, $32, accounts during the year-end closing process would be:
Dec. 31Income Summary156
Fees Earned124
Rent Revenue32
Dec. 31Revenues156
Income Summary156
Dec. 31Fees Earned124
Rent Revenue32
Income Summary156
Dec. 31Income Summary156
Revenues156
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