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Choose from the following list of terms/phrases to best complete the statements below. Income summary 1. is a temporary account that contains a credit for the sum of all revenues and gains) and a debit for the sum of all expenses and losses). 2. Temporary accounts accumulate data related to accounting period. Services revenue would be considered a 3. account, because it is closed at period-end. One Temporary 4. Cash would be considered a account, because it is not closed at period-end. Permanent