If Income Summary has a credit balance after revenues and expenses have been closed into it, the closing entry for Income Summary will include a
a. debit to the retained earnings account.
b. debit to the owner’s dividends account.
c. credit to the retained earnings account.
d. credit to the owner’s dividends account.
a. debit to the retained earnings account.
b. debit to the owner’s dividends account.
c. credit to the retained earnings account.
d. credit to the owner’s dividends account.