Which of the following accounts will be closed with a credit? O a. Fees earned O b. Depreciation expense O c. Accumulated depreciation O d. Notes payable

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 2EB: Consider the following accounts and determine if the account is an asset (A), a liability (L), or...
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Which of the following accounts will be closed with a credit?
O a. Fees earned
O b. Depreciation expense
O c. Accumulated depreciation
O d. Notes payable
Transcribed Image Text:Which of the following accounts will be closed with a credit? O a. Fees earned O b. Depreciation expense O c. Accumulated depreciation O d. Notes payable
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