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The Income Summary account is used to a. close revenue accounts and expense accounts and update the owner's capital account. b. close the drawing

The Income Summary account is used to a. close revenue accounts and expense accounts and update the owner's

The Income Summary account is used to a. close revenue accounts and expense accounts and update the owner's capital account. b. close the drawing account. c. close the revenue accounts only. d. close the revenue accounts and expense accounts only.

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