Which of the following accounts will be closed by debiting the Income Summary account?
A) Retained Earnings
B) Service Revenue
C) Accounts Receivable
D) Salaries Expense

Name: Which of the following accounts will be closed by debiting the Income Summary account? A) Retained Earnings B) Service Revenue C) Accounts Receivable D) Salaries Expense
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Question

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Salaries Expense is a temporary account that is closed at the end of the accounting period by debiting the Income Summary account.

Which of the Following Accounts Will Be Closed by Debiting