The entry to close Cost of goods sold results in a debit to Income summary

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1. If a business has a net income for the period, the journal entryto close the balance of the Income summary account is a. a debit
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2. What may be included in the entry to close the income summary account?Debit to the owner's capital account and credit to income
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3. What may be included in the entry to close the income summary account?Debit to the owner's capital account and credit to income
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4. What may be included in the entry to close the income summary account?Debit to the owner's capital account and credit to income
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