Jane Upton, the VP of Finance for Piscataway Sports Inc. is reviewing the following information: The income statement for the month of June, 2018 for Piscataway Sports contains the following information:

Revenues $7,000

Expenses:

Salaries and Wages Expense $3,000

Rent Expense 1,500

Advertising Expense 800

Supplies Expense 300

Insurance Expense 100

Total expenses 5,700

Net income $1,300

The entry to close the revenue account includes a

Group of answer choices

credit to Income Summary for $1,300.

debit to Income Summary for $7,000.

debit to Income Summary for $1,300

credit to Income Summary for $7,000.