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After closing the temporary owners' equity accounts into Income Summary, and after allocating the net income and closing the partners' drawing accounts, assume the partners'
After closing the temporary owners' equity accounts into Income Summary, and after allocating the net income and closing the partners' drawing accounts, assume the partners' capital accounts had credit balances as follows: Golden, $; Chavez, $; McGinnis, $ If McGinnis retired and withdrew $ in settlement of hisher equity, the amount entered in McGinnis's capital account would be a
a $ debit.
b $ credit.
c $ credit.
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