5.4 The Accounting Cycle for a Merchandising Company Asheville Incis adjusted trial balance reports Cost of Goods Sold of $50,000. Interest Expense of $1,000, Salaries and Wages Expense of $55,000, and $ ales Revenue of $126,000. The adjusting entry to close the expense accounts will include a debit to lncome Summary for $56,000. a debit to lncome Summary for $20,000. a debit to income Summary for $106,000. a credit to Income Summary for $20,000