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

Summarize the steps in the closing process by selecting the correct choice below.
Multiple choice question.
Close income statement credit balance accounts; close income summary; close income statement debit balance accounts; close dividends.
Close income statement credit balance accounts; close income summary; close dividends; close income statement debit balance accounts.
Close income statement debit balance accounts; close income statement credit balance accounts; close income summary; close dividends.
Close income statement credit balance accounts; close income statement debit balance accounts; close income summary; close dividends.

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