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The entry to close the expense accounts includes a Multiple Choice Question 76 x Your answer is incorrect. Try again. The income statement for the
The entry to close the expense accounts includes a
Multiple Choice Question 76 x Your answer is incorrect. Try again. The income statement for the month of June, 2018 of Pearl Enterprises contains the following information: $6650 Revenues Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Insurance Expense Total expenses Net income $2910 1560 810 270 90 5640 $1010 The entry to close the expense accounts includes a debit to Salaries and Wages Expense for $2910. debit to Income Summary for $1010. credit to Rent Expense for $1560. credit to Income Summary for $5640Step by Step Solution
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