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The income statement for the month of June, 2014 of Taylor Enterprises contains the following information: Revenues 8,000 Expenses: 2,000 1,500 Salaries and Wages Expense
The income statement for the month of June, 2014 of Taylor Enterprises contains the following information: Revenues 8,000 Expenses: 2,000 1,500 Salaries and Wages Expense Rent Expense Supplies Expense Advertising Expense Insurance Expense 300 200 100 Total expenses 4,100 Net income 3,900 The entry to close the revenue account includes a OA debit to Income Summary for 3,900. O B. credit to Income Summary for 8,000. OC. credit to Income Summary for 3,900. O D. debit to Income Summary for 8,000
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