The journal entry to record the purchase, on account, of $1,000 of inventory is a. Dr. Cash $1,000 and Cr. Inventory $1,000 b. Dr. Inventory $1,000 and Cr. Cash $1,000 C. Dr. Inventory $1,000 and Cr. Accounts Payable $1,000 d. Dr. Accounts Payable $1,000 and Cr. Inventory $1,000 Which of the following entries is not made to close the accounts at the year end? a. Close the Income Summary account to Retained Earnings. b. Close the Dividends Payable account to Retained Earnings. c. Close all revenue accounts to the Income Summary account. d. Close all expense accounts to the Income Summary account