The Income Summary account appears on the balance sheet appears on the Income statement is closed to the cash account to property state cash at the end of the period does not appear in the financial statements Which of the following accounts is not closed during the closing process? Owner's Capital Commissions Earned Income Summary Withdrawals When there is a not loss, the entry to close the Income account is debit Owner's Capital and credit Income Summary debit Income Summary and credit Owner's Capital debit Not Loss and credit Income Summary debit Income Summary and credit Net Loss Accumulated Depreciation-Equipment Interest Expense Which of the following should be classified as an in asset? land held for future use long-term notes receivable special funds established to pay off a debt copyright