Select all that apply. Closing entries are made to:

Question 1 options:

	Bring the balance in the Owner's Capital account to zero.
	Bring the balances of all revenue and expense accounts to zero.
	Ensure that revenues and expenses are recognized in the period in which they are incurred.
	Prepare the temporary accounts to accumulate information in the next fiscal period.
	Bring the balance in the Owner's Withdrawals account to zero.
	Transfer net income or net loss, for the period into the owner's capital account