Question: You would record an Income Summary debit when closing which pair of merchandising accounts? a.) Purchase Discounts and Sales Discounts b.) Sales Returns and Allowances

You would record an Income Summary debit when closing which pair of merchandising accounts?

a.) Purchase Discounts and Sales Discounts

b.) Sales Returns and Allowances and Sales Discounts

c.) Purchase Returns and Allowances and Purchase Discounts

d.) Purchase Returns and Allowances and Freight-in

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