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17 August, 12:59

Which of the accounts below would be closed by posting a debit to the account? josh morton, drawing miscellaneous expense unearned revenue fees earned?

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  1. 17 August, 16:16
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    The correct answer to this question is that the fees earned account would be closed with a debit entry.

    The remaining three accounts have a normal debit balance, so they would be closed with a credit entry. The fees earned account is a revenue account, which normally has a credit balance, so could be closed with a debit entry.
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