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The following information is from the Income Statement of the Dirt Poor Laundry Service: Revenues Service Revenue $6,500 Expenses Salaries and wages expense $ 2,450
The following information is from the Income Statement of the Dirt Poor Laundry Service: Revenues Service Revenue $6,500 Expenses Salaries and wages expense $ 2,450 Advertising expense 500 Rent expense 300 Supplies expense 200 Insurance expense 100 Total expenses (3,550) Net Income $2,950 The entry to close the Service Revenue account includes a: O a. debit to Retained Earnings for $6,500. b. debit to Service Revenue for $6,500. Occredit to Service Revenue for $6,500. od debit to Income Summary for $6,500
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