The Income Summary Account Has a Debit Balance of $10,000

question 100

Multiple Choice

The Income Summary account has a debit balance of $10,000 prior to closing. The owner's Drawing account has a balance of $7,000 before closing. The owner's Capital account will

• A) decrease $10,000.
• B) increase $17,000.
• C) increase $10,000.
• D) decrease $17,000.
• E) increase $7,000.

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Definitions:

Relay Station

A site or mechanism in the body or in a communication system for passing signals or messages from one part or member to another.

Thalamus

A structure in the brain that acts as a relay station, directing sensory signals to the appropriate areas in the cortex.

Brainstem

The lower part of the brain that connects the cerebrum with the spinal cord and controls vital functions such as heart rate, breathing, and blood pressure.

Medulla

A region at the base of the brainstem involved in autonomic functions, such as breathing, heart rate, and blood pressure regulation.