The following information is from the Income Statement of the Coronado Laundry Service:

Revenues
Service Revenues			$5850
Expenses
Salaries and wages expense	$ 2210
Advertising expense	450
Rent expense	270
Supplies expense	180
Insurance expense	90
Total expenses			3200
Net income			$2650

The entry to close the expense accounts includes a:

credit to Income Summary for $3200.

debit to Income Summary for $3200.

debit to Salaries and Wages Expense for $2210.

credit to Retained Earnings for $3200.

Current Attempt in Progress The following information is from the Income Statement of the Coronado Laundry Service: Revenues Service Revenues Expenses $5850 Salaries and wages expense $ 2210 450 270 180 Advertising expense Rent expense Supplies expense Insurance expense Total expenses Net income 90 3200 $26 The entry to close the expense accounts includes a: credit to Income Summary for $3200. O debit to Income Summary for $3200. O debit to Salaries and Wages Expense for $2210. credit to Retained Earnings for $3200