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Current Attempt in Progress The income statement for the year 2021 of Crane Co. contains the following information: Revenues $70800 Expenses: Salaries and Wages Expense
Current Attempt in Progress The income statement for the year 2021 of Crane Co. contains the following information: Revenues $70800 Expenses: Salaries and Wages Expense $43900 Rent Expense 11700 Advertising Expense 10200 Supplies Expense 5900 Utilities Expense 2500 Insurance Expense 2200 Total expenses 76400 Net income (loss) $ (5600) After all closing entries have been posted, the revenue account will have a balance of $0. O $70800 credit. O $5600 credit. O $70800 debit
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