Adam,Bill,and Charlie Are Partners

Multiple Choice

Adam,Bill,and Charlie are partners.The profit and loss sharing rule between them is 2:5:3,with Bill getting the largest share and Adam receiving the smallest.The partnership incurs a net loss of $21,000.While closing the Income Summary ________.(Do not round any intermediate calculations.)

A) Income Summary will be credited for $6300
B) Adam, Capital will be debited for $6300
C) Adam, Capital will be credited for $6300
D) Charlie, Capital will be debited for $6300