Multiple Choice
M.Smuts showed a net income of $5,000.The entry to close the Income Summary account would include a:
A) debit to M.Smuts Capital,$5,000.
B) credit to M.Smuts Capital,$5,000.
C) debit to Income Summary,$5,000.
D) Both B and C are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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