Supply the appropriate term (debit or credit) to complete the following state¬

ments. LO3 a When a business is operating profitably, the journal entry to close the Income Summary account will consist of a _ to that account and a _ to the owner’s capital account.

b When a business is operating at a loss, the journal entry to close the Income Summary account will consist of a _ to that account and a _ to the owner’s capital account.

c The journal entry to close the owner’s drawing account consists of a

-count. to that account and a _ to the owner’s capital ac¬