Which of the following accounts will be closed by debiting the Income summary account?
A)Accumulated depreciation
B)Service revenue
C)Accounts payable
D)Depreciation expense

Name: Which of the following accounts will be closed by debiting the Income summary account? A)Accumulated depreciation B)Service revenue C)Accounts payable D)Depreciation expense
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Question

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Depreciation expense is a temporary account that is closed to the Income Summary account at the end of the accounting period.

Which of the Following Accounts Will Be Closed by Debiting