Question 37 Not yet answered During August, 2010, Joe's Supply Store generated revenues of $30,000, the company's expenses were as follows: cost of goods sold of $12,000 and operating expenses of $2,000, The company also had rent revenue of $500 and a gain on the sale of a delivery truck of $1,000, Joe's gross profit for August, 2010 is Marked out of 1.00 Flag question O a. $19,000. O b. $18,000. O c. $30,000 d. $16,000 Fin Question 38 Not yet answered If the following balances are exist in the adjusted trial balance:Service revenues $ 35,000Interest expense $ 10,000Salaries Expense $ 30,000 Rent Revenues $ 4,000Depreciation Expense $ 7,000 Drawings $ 3,000 The closing entry for the Income summary would include: Marked out of 1.00 P Flag question O a. Capital account should be Debited (Dr.) by $ 8,000 O b. Income summary account should be Debited (Dr.) by $ 8,000 O c. Income summary account should be Credited (Cr.) by $ 11,000 O d. Capital account should be Credited (Cr.) by $ 11,000