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he income statement for the month of June, 2018 of Bramble Enterprises contains the following information: Revenues $6670 Expenses: Salaries and Wages Expense $2940 Rent
he income statement for the month of June, 2018 of Bramble Enterprises contains the following information:
Revenues | $6670 | |
Expenses: | ||
Salaries and Wages Expense | $2940 | |
Rent Expense | 1480 | |
Advertising Expense | 750 | |
Supplies Expense | 320 | |
Insurance Expense | 100 | |
Total expenses | 5590 | |
Net income | $1080 |
The entry to close the revenue account includes a
| debit to Income Summary for $1080. |
| credit to Income Summary for $6670. |
| credit to Income Summary for $1080. |
| debit to Income Summary for $6670. |
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