Jackson Services Company Earned Revenues of $104,000,incurred Expenses of $113,000

Jackson Services Company earned revenues of $104,000,incurred expenses of $113,000.The owner made withdrawals of $4,000.There were no new capital contributions during the year.The company is a sole proprietorship.Which of the following statements is correct?

A) A debit is needed to zero out the balance of the Income Summary account.
B) Jackson, Capital will decrease $13,000.
C) Jackson has incurred a net loss of $5,000.
D) When compared to a business that earned net income, the only closing entry that differs is the one to close the owner's withdrawals.