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
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What entry did make to close the fees earned account
: What entry did you make to close the Fees Earned account? A credit entry of $2,917.97 to the Fees Earned account. / A credit entry of $2,917.97 to P. Woodsley
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