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  3. income summary has a credit balance of $29000 in b

Income Summary has a credit balance of $29000 in B. Swifty Co. after closing revenues...

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Accounting

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Income Summary has a credit balance of $29000 in B. Swifty Co. after closing revenues and expenses. The entry to close Income Summary is debit Income Summary $29000, credit Owner's Drawings $29000. credit Income Summary $29000, debit Owner's Drawings $29000. debit income Summary $29000, credit Owner's Capital $29000. credit Income Summary $29000, debit Owner's Capital $29000

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