Question: The fourth step in the closing process is to Multiple Choice transfer the balance of the revenue account to the Income Summary account. transfer the

The fourth step in the closing process is to
Multiple Choice
transfer the balance of the revenue account to the Income Summary account.
transfer the balance of the drawing account to the owner's capital 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.

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