Question: Under a perpetual inventory system, which accounts would be closed to income summary with credits? a. sales discounts, sales returns and allowances, and cost of

Under a perpetual inventory system, which accounts would be closed to income summary with credits?

a. sales discounts, sales returns and allowances, and cost of goods sold
b. sales revenue and cost of goods sold
c. sales returns and allowances, sales revenue, and inventory

d. sales discounts and sales revenue

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