The entry to close Income Summary for a loss would include:
1. a credit to Income summary
2. a credit to retained earnings
3. a debit to capital stock
4. a debit to Income Summary
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The entry to close Income Summary for a loss would include:
1. a credit to Income summary
2. a credit to retained earnings
3. a debit to capital stock
4. a debit to Income Summary
1. A credit to Income summary
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