The first two closing entries to the Income Summary account indicate a debit of $47,000 and a credit of $41,000. The third closing entry would be:
A. debit Income Summary $41,000; credit Expenses $41,000
B. debit Income Summary $6,000; credit Drawing $6,000
C. debit Capital $6,000; credit Income Summary $6,000
D. debit Income Summary $47,000; credit Capital $47,000
Answer: C
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