Refer to the information above. The entry to close the Fees earned account will:
A) Produce a zero balance in that account when posted.
B) Include a debit to Income Summary.
C) Include a credit to Fees Earned.
D) Include a debit to Capital Stock.

Question

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The Answer of Refer to the information above. The entry to close the Fees earned account will:
A) Produce a zero balance in that account when posted.
B) Include a debit to Income Summary.
C) Include a credit to Fees Earned.
D) Include a debit to Capital Stock.

Refer to the Information Above