Revenue account balances should be closed [Choose ] at the end of each accounting period True False Expense account balances should be closed at the end of each accounting period [Choose] Asset account balances should be closed at the end of each accounting period [Choose ] 4 Liability account balances should be closed at the end of each accounting period [Choose ] [Choose ] The owner's withdrawals account balance should be closed at the end of each accounting period [Choose ] The owner's capital account balance should be closed at the end of each accounting period [Choose] A The income summary account balance should be closed at the end of each accounting period [Choose ] If a net income exists, this will ultimately result in owner's capital being credited as closing entries are made (ignore owner's withdrawals in answering this question). [Choose ] If a net loss exists, this will ultimately result in owner's capital being debited as closing entries are made (ignore owner's withdrawals