The entry to close the revenue account, Fees Income, requires a debit to that account.

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Closing entries involve transferring the balances of temporary accounts, such as Fees Income, to the permanent account, Retained Earnings. To do so, the revenue account (Fees Income) needs to be debited, and Retained Earnings needs to be credited. Therefore, the entry to close the revenue account, Fees Income, requires a debit to that account.

The Entry to Close the Revenue Account, Fees Income, Requires