Bob and Bill allocate 2/3 of their partnership's profits and losses to Bob and 1/3 to Bill. The net income of the firm is

$50,000. The journal entry to close the Income Summary will include ________. (Round your answer to the nearest dollar.)

A.

credit to Income Summary for $33,335

B.

credit to Bob, Capital for $33,335

C.

credit to Income Summary for 50,000

D.

debit to Bob, Capital for $ 16,665