Rubric 3A 3 - Mrs. Sodhi
To close a revenue account with a credit. balance, debit the account for its balance and. credit the income summary account. _____ _____ The income summary account appears on the income. statement at the end of the accounting period. _____ _____ Adjusting entries must be recorded and posted. before closing entries. _____ _____ The steps ... ................
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