Bob and Bill allocate 2/3 of their partnership's profits and losses to Bob and 1/3 to Bill. The net income of the firm is $20,000. The journal entry to close the Income Summary will include ________. (Do not round any intermediate calculations.)
A) credit to Income Summary for $13,333
B) debit to Bob, Capital for $6667
C) credit to Bob, Capital for $13,333
D) credit to Income Summary for $20,000
C) credit to Bob, Capital for $13,333
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