Alex, Brad, and Carl are partners. The profit sharing rule between them is 4:3:2 in alphabetical order. The partnership incurs a net loss of $120,000. The journal entry to close Income Summary will include a ________. (Do not round any intermediate calculations.)
A) debit to Income Summary account for $120,000
B) debit to Alex, Capital account for $53,333
C) credit to Alex, Capital account for $53,333
D) credit to Carl, Capital account for $26,667
B) debit to Alex, Capital account for $53,333
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