Review and complete the following statement regarding the Income Summary account. The Income Summary account is (debited/credited) for the sum of all revenue accounts and is (debited/credited) for the sum of all expense accounts and its balance will be transferred to the (Capital/Cash) account.

credited ; debited ; retained earnings or capital account

Explanation:

The closing entries are as follows

Sales Revenue A/c Dr

           To Income Summary

(Being revenue account closed)

Income summary A/c Dr

                To Expenses A/c

(Being expenses accounts are closed)

Income summary A/c Dr

            To Retained earning

(Being the difference is credited to retained earning)

i tried to get the answer but i could not find it

2,283,000

explanation:

i just had to add it