Which of the following statements concerning closing entries is false? -A. Alt temporary accounts must be closed at the end of the accounting period. B. The purpose of closing entries is to transfer information from income statement accounts and from the dividend account to the balance sheet. C The correct entry to close the dividend account is a debit to Income Summary and a credit to Dividends. D ff the company has a net loss the income summary will be credited at closing and retained earnings will be debited E) Accrued expenses will not be closed at the end of the accounting period