B. Benson's worksheet showed the revenue account, Rental Fees, $1,300. The journal entry to close the account is:
A) 
B) 
C) 
D) 
Correct Answer:
Verified
Q33: Closing entries will
A) increase the Owner's Capital.
B)
Q44: The business failed to close any of
Q49: After closing the revenue,expense,and withdrawal accounts,the capital
Q49: The entry to close the revenue account(s)
Q49: When Income Summary has a credit balance
Q50: When the Withdrawals account is closed,
A) Owner's
Q51: The balance in the J.Higgins,Withdrawals account was
Q53: The income statement credit column of the
Q54: All permanent accounts can be found:
A) on
Q60: The Income Summary account shows debits of
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