Question: Shown below is a trial balance for Dependable, Inc., on December 31, after the first year of operations, after adjusting entries: Refer tothe above data.

 Shown below is a trial balance for Dependable, Inc., on December

Shown below is a trial balance for Dependable, Inc., on December 31, after the first year of operations, after adjusting entries: Refer tothe above data. The entry to close the fees earned account will: Produce a zero balance in that account when posted. Include a debit to income summary. Includea credit to fees earned. Includea debit to capital stock. Referto the above data. The entry to close salaries expense account will: Produce azerobalance in that account when posted. Include a credit toincome summary. Includea debit to salaries expense. Include acredit to capital stock

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