Use the Following Account Balances from the Adjusted Trial Balance

Multiple Choice

Use the following account balances from the adjusted trial balance of Gees Catering:

Select the correct closing entry that Gees Catering would make to close the owner's withdrawal account at the end of the accounting period.

A)
R. Gees, Capital $ 1,000
R. Gees, Drawing $ 1,000
B)
Income Summary $ 1,000
R. Gees, Drawing $ 1,000
C)
R. Gees, Drawing $ 1,000
R.Gees, Capital $ 1,000
D)
R. Gees, Drawing $ 1,000
Income Summary $ 1,000