Question

summarize the closing process by listing the closing entries in the order in which they would occur at the end of the accounting period. step 1: close income statement (credit/debit) balance accounts.step 2: close income statement (credit/debit) balance accounts. step 3: close (income summary/dividends) . step 4: close (income summary/dividends)

Answer 1

Answer: Credit, Debit, income summery, Dividends