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The Entry to Transfer a Net Loss to the Owner's

Question 50

Multiple Choice

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


A) the owner's capital account and a credit to Cash.
B) the owner's drawing account and a credit to the owner's capital account.
C) Income Summary and a credit to the owner's capital account.
D) the owner's capital account and a credit to Income Summary.

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