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If the total of revenues for Misk company is $10,000 while the total of expenses is $6000, then the closing entry close expenses would be:
If the total of revenues for Misk company is $10,000 while the total of expenses is $6000, then the closing entry close expenses would be:
Select one:
a. expenses is credited by 10000 and income summary is debited by 10000
b. income summary is credited by 6000 and expenses is debited by 6000
c. expenses is debited by 4000 and income summary is credited by 4000
d. expenses is debited by 6000 and income summary is credited by 6000
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