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  3. Study Set
    College Accounting
  4. Exam
    Exam 6: Closing Entries and Teh Postclosing Trial Balance
  5. Question
    The Entry to Transfer Net Income to the Owner's Capital
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The Entry to Transfer Net Income to the Owner's Capital

Question 7

Question 7

True/False

The entry to transfer net income to the owner's capital account would include a debit to the owner's capital account.

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