Adam,Bill,and Charlie are partners.The profit and loss sharing rule between them is 3:6:2,with Bill receiving the largest share and Adam receiving the smallest.The partnership incurs a net loss of $70,000.While closing the Income Summary ________.
A) Income Summary will be debited for $70,000
B) Adam,Capital will be debited for $19,091
C) Adam,Capital will be credited for $38,182
D) Charlie,Capital will be credited for $38,182
Correct Answer:
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