The final closing entry for a proprietorship is
|
a. |
Sales Revenue |
XXX |
|
|
Income Summary |
XXX |
||
|
b. |
Capital |
XXX |
|
|
Drawing |
XXX |
||
|
c. |
Drawing |
XXX |
|
|
Capital |
XXX |
||
|
d. |
Income summary |
XXX |
|
|
Expenses |
XXX |