Adam,Bill,and Charlie are partners.The profit and loss sharing rule between them is 4:6:1,with Bill receiving the largest share and Charlie receiving the smallest.The partnership incurs a net loss of $72,000.While closing the Income Summary ________.(Do not round any intermediate calculations.)
A) Income Summary will be debited for $72,000
B) Adam, Capital will be debited for $26,182
C) Adam, Capital will be credited for $39,273
D) Charlie, Capital will be credited for $39,273
Correct Answer:
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