4) After preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $33,000. The entry to close the income summary account will be: A) Debit Owner Capital $33,000; credit Income Summary $33,000. B) Debit Owner Withdrawals $33,000; credit Income Summary $33,000. C) Debit Income Summary $33,000; credit Owner Withdrawals $33,000. D) Credit Owner Capital $33,000; debit Owner Withdrawals $33,000. E) Debit Income Summary $33,000; credit Owner Capital $33,000 5) Which of the following statements is incorrect? A) The Income Summary account is a temporary account. B) Temporary accounts carry a zero balance at the beginning of each accounting period. C) The closing process applies only to temporary accounts. D) Permanent account is another name for revenue accounts. E) Permanent accounts remain open as long as the asset, liability, or equity items recorded in the accounts continue in existence. sub) atde u