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The following information is from the Income Statement of the Crane Laundry Service: Revenues Service Revenues Expenses $6630 2500 510 310 Salaries and wages expense
The following information is from the Income Statement of the Crane Laundry Service: Revenues Service Revenues Expenses $6630 2500 510 310 Salaries and wages expense Advertising expense Rent expense Supplies expense Insurance expense Total expenses Net income 200 100 3620 $3010 The entry to close the Income Summary includes a: O debit to Retained Earnings for $3010. O credit to Income Summary for $3010. O credit to Common Shares for $3010. debit to Income Summary for $3010
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