Multiple Choice
The owner's drawing account is closed by:
A) debiting the owner's capital account and crediting the owner's drawing account.
B) debiting the owner's drawing account and crediting the owner's capital account.
C) debiting Income Summary and crediting the owner's drawing account.
D) debiting the owner's drawing account and crediting Income Summary.
Correct Answer:
Verified
Correct Answer:
Verified
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