The Entry to Close Expense Accounts Involves

Multiple Choice

The entry to close expense accounts involves

A) a credit to Income Summary and debits to all the revenue accounts.
B) debits to all the revenue accounts and a credit to Income Summary.
C) credits to all the expense accounts and a debit to Income Summary.
D) a debit to Retained Earnings and a credit to Income Summary.
E) a debit to Income Summary and a credit to Retained Earnings.