A merchandiser reports sales revenue of

$ 22 comma 000

and sales discounts forfeited of

$ 1 comma 320

.

The merchandiser uses a perpetual inventory system. The first entry in the closing process would include _____.

A.

a credit to Income Summary for $ 22 comma 000

B.

a credit to Income Summary for $ 23 comma 320

C.

a debit to Income Summary for $ 22 comma 000

D.

a debit to Income Summary for $ 23 comma 320