What is achieved by posting the following closing entry?
a. Transfers the debit balance of the Factory Overhead account to the Income Summary account.
b. Transfers the credit balance of the Factory Overhead account to the Income Summary account.
c. Transfers the amount of actual factory overhead to the Income Summary account.
d. Closes the Income Summary account to the Factory Overhead account.
e. Closes the Income Summary account to the Work in Process account.
b
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