omresponse Internal auditors perform the audit at the request of the board of directors to protect investor interests. True Falne Withdrawals are a type of transaction that affects equity. True False Increases in liabilities are recorded as debits. True False Gallery Corp. paid $6.000 for a six-month insurance policy for the company van. The policy coverage began on January 1. On January 31, $1.000 of insurance expense must be reported. True False The Income Summary account is used to close all other temporary accounts at the end of an accounting period. True