1031 WIT 12 1001 MERCE This question: 4 po Keith and Jim formed a partnership, with the partners sharing profits and losses equally. The partnership incurs a net loss of $5,000 for the year. The entry to close the net for OA. debit Income Summary by $5,000 O B. increase Jim, Capital by $2,500 OC. decrease Keith, Capital by $2,500 O D. decrease Jim, Capital by $5,000