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6. The income statement for the year 2019 of Golden Company contains the following information: Revenues ...$150,000 Expenses: Wages Expense $75,000 Rent Expense. 42,000 Advertising

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6. The income statement for the year 2019 of Golden Company contains the following information: Revenues ...$150,000 Expenses: Wages Expense $75,000 Rent Expense. 42,000 Advertising Expense....... 9,000 Supplies Expense........20,000 Utilities Expense .6,500 Insurance Expense 8,000 Total expenses........ 160,500 Net income (loss)........... $(10,500) The entry to close the expense accounts includes a (2 points) Credit to Income summary for 160,500 debit to Income Summary for $160,500. credit to Income Summary for $10,500 debit to Income Summary for $10,500

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