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Use the following account balances from the adjusted trial balance of ABC Consulting Select the correct closing entry that ABC Consulting would make to close

Use the following account balances from the adjusted trial balance of ABC Consulting Select the correct closing entry that ABC Consulting would make to close the owner's withdrawal account at the end of the accounting period. Multiple Choice debit B. Conway, Drawing $500 and credit Income Summary for $500. debit Income Summary $500 and credit B. Conway, Drawing for $500. debit B. Conway, Capital $500 and credit B. Conway, Drawing for $500. debit B. Conway, Drawing $500 and credit B. Conway, Capital for $500.

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