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    Business
  3. Study Set
    College Accounting A Career Approach
  4. Exam
    Exam 5: Closing Entries and the Post-Closing Trial Balance
  5. Question
    The Entry to Close the Drawing Account Would Involve a
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The Entry to Close the Drawing Account Would Involve a

Question 54

Question 54

Multiple Choice

The entry to close the drawing account would involve a


A) debit to capital.
B) credit to cash.
C) debit to Income Summary.
D) credit to net income.

Correct Answer:

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