Multiple Choice
The entry to close the Income Summary account may include
A) a debit to Income Summary and a credit to the owner's capital account.
B) a debit to Income Summary and a credit to Cash.
C) a debit to Cash and a credit to Income Summary.
D) a debit to Income Summary and a credit to the owner's drawing account.
Correct Answer:
Verified
Correct Answer:
Verified
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