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J Oros Showed a Net Loss of $3,250

Question 70

Multiple Choice

J. Oros showed a net loss of $3,250. The entry to close the Income Summary account would include a

A) debit to Oros, Capital, $3,250.
B) debit to Income Summary, $3,250.
C) credit to Oros, Capital, $3,250.
D) credit to Cash, $3,250.

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