Question: 3 1 . The most efficient way to accomplish closing entries is to a . credit the income summary account for each revenue account balance.

31. The most efficient way to accomplish closing entries is to
a. credit the income summary account for each revenue account balance.
b. debit the income summary account for each expense account balance.
c. credit the dividends balance directly to the income summary account.
d. credit the income summary account for total revenues and debit the income summary account for total expenses.

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