[The Following Information Applies to the Questions Displayed Below

question 59

Multiple Choice

[The following information applies to the questions displayed below.]
Shown below is a trial balance for Novelty Toys,Inc. ,on December 31,after adjusting entries:

-The entry to close the Fees Earned account will:

• A)Produce a zero balance in that account when posted.
• B)Include a debit to Income Summary.
• C)Include a credit to Fees Earned.
• D)Include a debit to Capital Stock.

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