Question: You would record an Income Summary debit when closing which pair ofmerchandising accounts? A.) Sales Returns and Allowances and Sales Discounts B.) Purchase Returns and

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

A.)

Sales Returns and Allowances and Sales Discounts

B.)

Purchase Returns and Allowances and Freight-in

C.)

Purchase Returns and Allowances and Purchase Discounts

D.)

Purchase Discounts and Sales Discounts

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