The journal entry to close the Fees Earned, $132, and Rent Revenue, $27, accounts during...
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Accounting
The journal entry to close the Fees Earned, $132, and Rent Revenue, $27, accounts during the year-end closing process would be:
Dec. 31Revenues159
Income Summary159
Dec. 31Income Summary159
Fees Earned132
Rent Revenue27
Dec. 31Fees Earned132
Rent Revenue27
Income Summary159
Dec. 31Income Summary159
Revenues159
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