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10 1 point The following information is from the Income Statement of Floo Powder Travel Company: $6,500 Revenues Service Revenue Expenses Salaries and Wages expense

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10 1 point The following information is from the Income Statement of Floo Powder Travel Company: $6,500 Revenues Service Revenue Expenses Salaries and Wages expense Advertising expense Rent expense Supplies expense Insurance expense Total expenses Net Income $ 2,450 500 300 200 100 3.550 $2.950 3 4 The entry to close the expense accounts includes a: credit to Income Summary for $3,550. credit to Retained Earnings for $3,550. debit to Salaries and Wages Expense for $2,450. debit to Income Summary for $3,550. 5 Previous 8

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