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57 27 The 2019 income statement of Manaco contatto LO DO Revenues Expenses Salaries and wages en Rent expen Advertising expense Supplies expense Utilities expert

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57 27 The 2019 income statement of Manaco contatto LO DO Revenues Expenses Salaries and wages en Rent expen Advertising expense Supplies expense Utilities expert Insurance expense Total expenses Net income osal 45.000 12.000 10.000 6.000 2.500 2000 TO The entry to close Income Summary to Retained Earnings includes a credit to Retained Earnings for 577.500 Income Summary for $77.500 Retained Earnings for $7.500. Income Summary for $7,500 28 3125 points A collection of $3.000 on account from a customer (previously billed was recorded as a debt to Accounts Receivable for $1.000 and credit to Services $300 Assuming the incorrect entry is not reversed, the necessary correcting entry would be to O debit Cash for $3.000, debit Service Revenue for $3,000 and credit Accounts Receivable for $3.000. debit Cash for $3,000, debit Service Revenue for $3,000 and credit Accounts Receivable for $6.000 debit Cash for $3.000 and credit Accounts Receivable for $3.000 debit Accounts Receivable for $300 and credit Cash for $300

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