Which of the following accounts will be closed by debiting the Income summary account?
A)Salary expense
B)Accounts receivable
C)Service revenue
D)Drawings

Name: Which of the following accounts will be closed by debiting the Income summary account? A)Salary expense B)Accounts receivable C)Service revenue D)Drawings
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Question

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Expense accounts are closed by debiting the Income Summary account to transfer their balances, as they have a normal credit balance.

Which of the Following Accounts Will Be Closed by Debiting