Question: Summarize the steps in the closing process by selecting the correct choice below. Close income statement credit balance accounts; close income statement debit balance accounts;
Summarize the steps in the closing process by selecting the correct choice below.
Close income statement credit balance accounts; close income statement debit balance accounts; close income summary; close withdrawals.
Close income statement credit balance accounts; close income summary; close income statement debit balance accounts; close withdrawals.
Close income statement debit balance accounts; close income statement credit balance accounts; close income summary; close withdrawals.
Close income statement credit balance accounts; close income summary; close withdrawals; close income statement debit balance accounts.
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