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The following information is from the Income Statement of the Waterway Laundry Service: Revenues Service Revenues $ S 5720 Expenses Salaries and wages expense $

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The following information is from the Income Statement of the Waterway Laundry Service: Revenues Service Revenues $ S 5720 Expenses Salaries and wages expense $ 2160 Advertising expense 440 Rent expense 260 Supplies expense 180 Insurance expense 90 Total expenses 3130 Net income $ 2590 The entry to close the expense accounts includes a: O credit to Income Summary for $ 3130. O debit to Income Summary for $ 3130. debit to Salaries and Wages Expense for $2160. O credit to Retained Earnings for $ 3130

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