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:

Succession

The progressive, natural change in an ecosystem's species composition over time, leading to ecological stability.

Facilitation Model

A concept in ecology where some species make conditions more suitable for the establishment and growth of other species in a habitat.

Tolerance Model

is a theory in ecology that describes how the ability of a species to tolerate environmental stress affects its success and distribution.

Inhibition Model

A concept used in various scientific disciplines, often referring to a process where one factor or substance decreases the rate or extent of a particular reaction or activity.