After Preparing and Posting the Closing Entries to Close Revenues

Multiple Choice

After preparing and posting the closing entries to close revenues (and gains) and expenses (and losses) , the income summary account has a debit balance of $33,000. The entry to close the income summary account will include:

A) a debit of $33,000 to owner withdrawals.
B) a credit of $33,000 to owner withdrawals.
C) a debit of $33,000 to income summary.
D) a debit of $33,000 to owner capital.
E) a credit of $33,000 to owner capital.