Inroad, Inc. is at the end of the accounting cycle and must make closing entries in the general ledger. Which of the following accounts should be closed and how is that achieved? Liabilities are closed through a debit and then transferred to Retained Earnings Fixed Assets are closed through a credit and then debited to the Income Summary account Withdrawals are closed through a debit and then transferred to Retained Earnings Withdrawals are closed through a credit and then transferred to Retained Earnings