175 925 Indicate the answer choice that best completes the statement or answers the question. _ 1. The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts during the year-end closing process would be: a. Dec. 31 Fees Earned 750 Rent Revenue Income Summary b. Dec. 31 Income Summary Fees Earned Rent Revenue 175 c. Dec. 31 Revenues Income Summary 925 d. Dec. 31 Income Summary Revenues 925 750 925 2. The entry to close the appropriate insurance account at the end of the accounting period is a. debit Income Summary; credit Prepaid Insurance b. debit Prepaid Insurance; credit Income Summary c. debit Insurance Expense; credit Income Summary d. debit Income Summary; credit Insurance Expense