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22 The income statement for the month of June, 2020 of Pronghorn Inc. contains the following information: Revenues $6670 Expenses: Salaries and Wages Expense $2940
22 The income statement for the month of June, 2020 of Pronghorn Inc. contains the following information: Revenues $6670 Expenses: Salaries and Wages Expense $2940 Rent Expense 14801 Advertising Expense 750 Supplies Expense 320 Insurance Expense 100 Total expenses 5590 Net income $1080 The entry to close the revenue account includes a debit to Income Summary for $1080. credit to Income Summary for $1080. debit to Income Summary for $6670. credit to Income Summary for $6670
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