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What entry did make to close the fees earned account

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Reference no: EM132755816

Problem 1: What entry did you make to close the Fees Earned account?

A. A debit entry of $2,917.97 to the Fees Earned account

B. A credit entry of $2,917.97 to the Fees Earned account

C. A credit entry of $2,917.97 to P. Woodsley, Capital

D. A debit entry of $2,917.97 to P. Woodsley, Capital

Problem 2: What entry did you make to close all of the expense accounts?

A. A debit entry of $1.838.25 to the Expense and Revenue Summary

B. A credit entry of $1,838.25 to the Expense and Revenue Summary

C A debit entry of $1,838.25 to Sales

D. A credit entry of $1,838.25 to Sales

Reference no: EM132755816

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