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The following information is from the Income Statement of the Swifty Laundry Service: $6760 Revenues Service Revenues Expenses Salaries and wages expense $ 2550 Advertising
The following information is from the Income Statement of the Swifty Laundry Service: $6760 Revenues Service Revenues Expenses Salaries and wages expense $ 2550 Advertising expense 520 Rent expense 310 Supplies expense 210 Insurance expense 100 Total expenses Net income 3690 $3070 The entry to close the expense accounts includes a: O debit to Salaries and Wages Expense for $2550. o credit to Retained Earnings for $3690. credit to Income Summary for $3690. O debit to Income Summary for $3690. o search
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