Use the Following Worksheet to Answer the Following Questions

question 11

Multiple Choice

Use the following worksheet to answer the following questions. The journal entry to close revenues would be:

• A) debit Income Summary $155,000, credit Fees Earned $155,000
• B) debit C. Finley, Capital $155,000, credit Fees Earned $155,000
• C) debit Fees Earned $155,000; credit Income Summary $155,000
• D) credit Fees Earned $155,000; credit C. Finley, Capital $155,000

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Definitions:

Inclusive

A strategy or approach that ensures all people, regardless of their differences, have equal opportunities and are not excluded.

Empowering

The process of giving individuals or groups the authority or power to take certain actions, often aimed at fostering independence and decision-making capability.

Followership

The behaviors and actions of individuals who follow and support their leaders in the pursuit of organizational or group goals.

Guided

Instructed or directed by someone with more knowledge or experience in a specific area.