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Question 2 4 pts The total revenue of the month of June amounted to $6,500; total expenses amounted to $3,500; and withdrawals amounted to $600.

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Question 2 4 pts The total revenue of the month of June amounted to $6,500; total expenses amounted to $3,500; and withdrawals amounted to $600. The net income for the month amounted to $3,000. $3,500. O $2,400. O $6,000. D Question 3 3 pts Changes in owner's equity that result from investments or withdrawals of assets by the owner are included in the income statement O statement of owner's equity. chart of accounts. balance sheet Question 4 1 pts Owner's equity can be increased through O purchases of assets for cash. o withdrawals by the owner O expenses exceeding revenues. o investments by the owner. ho Question 5 3 pts The balance in an expense account is closed to an) income summary account. O capital account drawing account. revenue account. Question 6 * nts

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