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Service Revenues 7,300 CR The ledger accounts of Snap Shot, Inc. contains the following information at Dec. 31, 2015: 200 DR Supplies Expense Salaries and
Service Revenues 7,300 CR The ledger accounts of Snap Shot, Inc. contains the following information at Dec. 31, 2015: 200 DR Supplies Expense Salaries and Wages Expense 3,000 DR Insurance Expense 100 DR Rent Expense 1,300 DR Cash 1,000 DR Advertising Expense 700 DR Accounts Receivable 3,500 DR The entry to close the revenue accounts includes a a. debit to Income Summary for $2,500 b. credit to Income Summary for $2,500 c. credit to Capital for $3,500 d. credit to Income Summary for $7,300
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