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19. The journal entry to close the income summary account (showing a profit) includes a. debiting the drawing account and crediting Income Summary. b. debiting
19. The journal entry to close the income summary account (showing a profit) includes
a. | debiting the drawing account and crediting Income Summary. |
b. | debiting Income Summary and crediting the drawing account. |
c. | debiting the owner's capital account and crediting Income Summary. |
d. | debiting Income Summary and crediting the owner's capital account. |
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