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What the third closing entry

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Question - The first two closing entries to the Income Summary account indicate a debit of $53,750 and a credit of $64,900. What the third closing entry?

-debit Capital $11,150; credit Income Summary $11,150.

-debit Income Summary $11,150; credit Capital $11,150.

-debit Income Summary $11,150; credit Drawing $11,150.

-debit Drawing $11,150; credit Income Summary $11,150.

Reference no: EM132865034

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