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ICT- BUSINESS ENGINEERING GENERAL STUDIES - Question 10 Not yet answered Marked out of 2.00 Flag question The income statement for the year 2020 of
ICT- BUSINESS ENGINEERING GENERAL STUDIES - Question 10 Not yet answered Marked out of 2.00 Flag question The income statement for the year 2020 of Bugati Co. contains the following information: Revenues BHD73,000 Expenses: Salaries and Wages Expense BHD43,000 Rent Expense 12,000 Advertising Expense 11,000 Supplies Expense 6,000 Utilities Expense 3,500 Insurance Expense 4.000 Total expenses 79,500 Net loss (6.500) The entry to close Income Summary to Owner's Capital includes Select one: O A. A credit to Owner's Capital for BHD 6,500 O B. A debit to Revenue for BHD73,000 O C. Credits to Expenses totalling BHD79,500, OD. A credit to Income Summary for BHD 6,500 G Search or type URL
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