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The entry to close the Laundry Service Revenue account includes a: O credit to Service Revenue for $7410. O debit to Income Summary for $7410.

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The entry to close the Laundry Service Revenue account includes a: O credit to Service Revenue for $7410. O debit to Income Summary for $7410. O debit to Service Revenue for $7410. O debit to Retained Earnings for $7410. The following information is from the Income Statement of the Coronado Laundry Service: $7410 Revenues Service Revenues Expenses Salaries and wages expense $ 2790 Advertising expense 570 Rent expense 340 Supplies expense 230 Insurance expense 110 Total expenses Net income 4040 $3370

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