ACCT 2000 Ft Malings View The income statement for the month of June, 2015 of Camera Obscure the information: Revenues Expenses Salries and Wages Expense 53.000 Rent Expense Advertising Expense 300 Supplies Expense Insurance Expense Total expenses Net income 41. What is the journal entry to close the Revenge account to Income Summary! 42. What is the journal entry to close Income Summary Retained Farmings! ACCT 3300 m Review Simpson Company uses the periodic eventory method and the 1/1 Beginning Inventory Units 1/20 Purchase 100 7/24 Purchase 500 55 100 10/20 Purchase 57 2.500 700 A physical count of inventory on December I revealed that there were 150 unin eed 33. Assume that the company uses the FIFO method. The tal of Cost of Good Said December 31 was 5 34. Assume that the company uses the average cost method. The Good Solo December 31 was 5 35. Assume that the company uses the LIFO method The Wall Cos of Goods Soldes December 31 was