Question 27 Not yet answered Marked out of 1.00 Flag question The correct closing entry used to close Drawings account is: a. Dr.) Drawings, (Cr.) Capital b. (Dr.) Capital, (Cr.) Drawings c. Dr.) Income summary. (Cr.) Drawings d. Dr.) Income summary. (Cr.) Capital Jump to... III > Not yet answered Marked out of 1.00 P Flag question The suitable priority of preparing financial statements: a. Change in equity then balance sheet then income statement. b. Balance sheet, then income statement then changes in equity. c. Change in equity then income statement then balance sheet. d. Income statement then change in equity statement then balance sheet. Previous page Next page III >