Question: Identify the correct steps to the closing process: (Check all that apply.) Transfer the balance of the revenue account to the Income Summary account Transfer

Identify the correct steps to the closing process: (Check all that apply.) 

Transfer the balance of the revenue account to the Income Summary account 

Transfer the expense account balances to the Income Summary account 

Transfer the balance of the Income Summary account to the owner's capital account 

Transfer the balance of the drawing account to the Income Summary account

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