QUESTION 4 After closing all revenue and expense accounts, the Income Summary account of Almanar Bakery has a $34,700 debit ba income of $34,700 True False Click Save and Submit to save and submit. Click Save All Answers to save all answers QUESTION 6 What is the impact of accrued expenses before year end adjusting entries? O A Overstate assets and understate expenses OB. Understate assets and understate expenses OC. Understate expenses and understate liabilities OD. Understate expenses and overstate liabilities Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 5 What is the adjusting entry for Unearned revenues? O A. Debit Revenues, Credit Assets O B. Debit: Liabilities, Credit. Revenues O C. Debit. Revenues. Credit: Liabilities O D. Debit: Assets, Credit: Revenues Click Save and Submit to save and submit. Click Save All Answers to save all answers