Use the following account balances from the adjusted trial balance of Gees Catering:

Select the correct closing entry that Gees Catering would make to close their revenue account(s)at the end of the accounting period.
A) Fees Revenue $ 10,000 Income Summary $ 10,000
B) R. Gees, Capital $ 10,000 Fees Revenue $ 10,000
C) Income Summary $ 10,000 Fees Revenue $ 10,000
D) Fees Revenue $ 10,000 R.Gees, Capital $ 10,000

Question

Use the following account balances from the adjusted trial balance of Gees Catering:
 
Select the correct closing entry that Gees Catering would make to close their revenue account(s)at the end of the accounting period.
A) Fees Revenue $ 10,000 Income Summary $ 10,000 
B) R. Gees, Capital $ 10,000 Fees Revenue $ 10,000 
C) Income Summary $ 10,000 Fees Revenue $ 10,000 
D) Fees Revenue $ 10,000 R.Gees, Capital $ 10,000

Quizplus · Accepted Answer

The Answer of Use the following account balances from the adjusted trial balance of Gees Catering:
 
Select the correct closing entry that Gees Catering would make to close their revenue account(s)at the end of the accounting period.
A) Fees Revenue $ 10,000 Income Summary $ 10,000 
B) R. Gees, Capital $ 10,000 Fees Revenue $ 10,000 
C) Income Summary $ 10,000 Fees Revenue $ 10,000 
D) Fees Revenue $ 10,000 R.Gees, Capital $ 10,000

Use the Following Account Balances from the Adjusted Trial Balance