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Business, 20.09.2019 22:30 kimlyn58p0wyn0

Regarding the four-step closing process under the periodic inventory​ system, a. sales revenue is closed with a credit via the income summary account b. the beginning merchandise​ inventory, purchases, and freight in are closed with a debit via the income summary account c. purchase returns and allowances and purchase discounts accounts are closed with a credit via the income summary account d. the ending merchandise inventory balance must be recorded as a debit via the income summary account

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