Of the Four Financial Statements Prepared by Companies, Which of the Following

Of the four financial statements prepared by companies, which of the following is an accurate statement about the relationship between those statements?

A) Only revenues and expenses increase the owner's capital account.
B) The ending balance in the owner's capital account is used to balance the balance sheet.
C) Adjusting journal entries all create contra-asset accounts.
D) Net income for the period is taken from the income statement and is used to determine the ending balance for capital assets.