24) Regarding the four-step closing process under the periodic inventory system, ________.

A) purchase Returns and Allowances and Purchase Discount accounts are closed with a credit via the Income Summary account

B) Sales Revenue is closed with a credit via the Income Summary account

C) the beginning Merchandise Inventory, Purchases, and Freight In are closed with a debit via the Income Summary account

D) the ending merchandise inventory balance must be recorded as a debit via the Income Summary account