Revenue accounts are increased by credits.（)

B、All income statement accounts are debited to income summary.

C、All revenue accounts are credited and expense accounts are debited.

D、All revenue accounts are debited and expense accounts are credited.

A．temporary accounts

B．permanent accounts

C．income summary

D．terminal accounts

A.Rent Expense

B.Withdrawals

C.Service Revenue

D.Both A and B have a normal debit balance

A.accounts payable

B.prepaid expense

C.accounts receivable

D.unearned revenue

A.Debit to Cash, $3 000: credit to Consulting Fees Revenue, $3,000.

B.Debit to Accounts Receivable, $3,000; credit to Consulting Fees Revenue, $3,000

C.Debit to credit to Consulting Fees Revenue,$3.000; credit to Cash, $3,000

D.Debit to Consulting Fees Revenue $3,000; credit to Accounts Receivable, $3,000

A．After the revenue and expenses accounts were closed,there was a zero balance in the Income summary account．

B．After the revenue and expense accounts were closed,there was a credit balance in the Income summary account．

C．The balance of the Income summary account can be debit or credit depending on the company’s accounting policy．

D．After the revenue and expense accounts were closed,there was a debit balance in the Income summary account．