Wilmeth Transport Services reports total revenues of $45,800 and total expenses of $57,890 . When closing the Income Summary account, the accountant would

a. credit Income Summary, $12,090.

b. debit Income Summary, $12,090.

c. debit T. Wilmeth, Capital, $103,690.

d. credit T. Wilmeth, Capital, $12,090.


a

Business

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